Future Market Networks Reports Strong Half-Year PAT Growth Amid Inventory Management Success and Income Concerns

Future Market Networks has recently reported its financial results for the quarter ending December 2024, showcasing a mix of positive developments and areas of concern. The company's Profit After Tax (PAT) for the half-year reached Rs 13.04 crore, reflecting a significant year-on-year growth of 223.72%. This figure surpasses the PAT of Rs -7.89 crore from the previous twelve-month period, indicating a notable turnaround.
Additionally, the company has achieved its highest Inventory Turnover Ratio at 22.15 times, demonstrating an effective inventory management strategy. Similarly, the Debtors Turnover Ratio has also reached a peak of 10.39 times, suggesting improved efficiency in collecting receivables. Furthermore, the Debt-Equity Ratio stands at its lowest in five half-yearly periods at 1.02 times, indicating a reduction in borrowing relative to equity.

However, the financial results also highlight some challenges. Non-Operating Income constitutes 33.06% of Profit Before Tax, with the latest quarterly figure reaching Rs 2.43 crore, marking the highest in five quarters. This reliance on non-business income raises questions about the sustainability of the company's financial model.

In light of these developments, Future Market Networks has experienced an adjustment in its evaluation, with its score reflecting recent changes.

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