Eveready Industries Reports Strong Profit Growth Amid Mixed Financial Indicators for Q3 2024

Eveready Industries India has recently reported its financial results for the quarter ending December 2024, showcasing a mix of positive developments and areas of concern. The company has experienced notable growth in its Profit Before Tax (PBT), which reached Rs 15.63 crore, reflecting a year-on-year increase of 57.24%. Similarly, the Profit After Tax (PAT) also showed strong performance, amounting to Rs 13.10 crore, with a year-on-year growth of 55.8%. These figures indicate a favorable near-term trend in profitability for Eveready Industries.
On the balance sheet front, the company has achieved a significant milestone with its Debt-Equity Ratio, which stands at 0.65 times, marking the lowest level in the last five half-yearly periods. This suggests a strategic reduction in borrowing relative to equity capital.

However, not all aspects of the financial results are positive. The Debtors Turnover Ratio has reached its lowest point at 8.69 times over the same five half-yearly periods, indicating a slowdown in the pace at which the company is settling its debts.

In light of these developments, Eveready Industries has undergone an adjustment in its evaluation, reflecting the complexities of its current financial landscape.

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