Federal-Mogul Goetze Reports Stable Financial Performance and Strong Liquidity in December 2024
Federal-Mogul Goetze (India) reported stable financial results for the quarter ending December 2024, with Profit Before Tax reaching Rs 31.62 crore, marking a year-on-year growth. The company also achieved its highest cash and cash equivalents in recent periods, totaling Rs 554.65 crore, enhancing its liquidity position.
Federal-Mogul Goetze (India), a player in the auto ancillary industry, recently announced its financial results for the quarter ending December 2024. The results indicate a stable financial performance during this period. Notably, the company's Profit Before Tax less Other Income (PBT) reached Rs 31.62 crore, reflecting a growth of 26.08% year on year. This positive trend in PBT suggests a strengthening operational performance.Additionally, the company's cash and cash equivalents have reached their highest level in the last six half-yearly periods, totaling Rs 554.65 crore. This improvement in short-term liquidity positions Federal-Mogul Goetze favorably within its operational landscape.
However, it is important to note that there has been an adjustment in evaluation, with the stock's score reflecting a change from 7 to 5 over the past three months. This revision in its score highlights the evolving assessment of the company's financial standing.
For more insights on Federal-Mogul Goetze's performance, you can Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.
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