Everest Kanto Cylinder Reports Mixed Financial Results Amid Sales Growth in December 2024

Everest Kanto Cylinder, a small-cap player in the packaging industry, has recently reported its financial results for the quarter ending December 2024. The company has experienced a flat financial performance during this period, with notable evaluation changes reflected in its score, which has shifted to a lower position compared to the previous three months.
On a positive note, the net sales for the nine-month period reached Rs 1,077.09 crore, showcasing a year-on-year growth of 20.06%. This indicates a favorable near-term sales trend for the company. However, challenges are evident in other financial metrics. The profit before tax (PBT) for the quarter stood at Rs 24.85 crore, marking a decline compared to the average PBT of the previous four quarters. Similarly, the profit after tax (PAT) was reported at Rs 18.10 crore, which also reflects a decrease from the average PAT of the prior quarters. Additionally, the debtors turnover ratio has reached its lowest point in the last five half-yearly periods, suggesting a slowdown in the company's ability to settle its debtors.

Overall, Everest Kanto Cylinder's recent financial results highlight a mix of growth in sales alongside significant challenges in profitability and operational efficiency.

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