Damodar Industries Reports Mixed Q2 Results Amid Profit Growth and Sales Decline
Damodar Industries, a microcap player in the textile industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a mixed performance, with notable shifts in various financial metrics.The company's Profit After Tax (PAT) for the half-yearly period stands at Rs 2.35 crore, reflecting a significant year-on-year growth. This positive trend in PAT suggests an improvement in the company's profitability. Additionally, Damodar Industries has achieved its highest Operating Profit to Interest ratio in the last five quarters, recorded at 1.87 times, indicating enhanced capability in managing interest obligations. The Operating Profit Margin has also reached a peak of 8.05%, showcasing improved operational efficiency.
Conversely, the company faces challenges, particularly in net sales, which have shown a decline compared to the average of the previous four quarters. Furthermore, the reliance on non-operating income, which constitutes a substantial portion of Profit Before Tax, raises concerns regarding the sustainability of its business model.
In light of these developments, Damodar Industries has experienced an adjustment in its evaluation, reflecting the complexities of its current financial landscape.
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