Gallantt Ispat Reports Strong Q4 Growth Amid Debtors Turnover Challenges

Gallantt Ispat has recently reported its financial results for the quarter ending December 2024, showcasing notable developments in its performance metrics. The company, operating in the Steel/Sponge Iron/Pig Iron industry, has experienced a significant adjustment in its evaluation, with its score rising to 14 from 2 over the past three months.
The financial results indicate a positive trajectory for Gallantt Ispat, particularly in its Profit Before Tax (PBT), which reached Rs 164.39 crore, reflecting a growth of 45.3% compared to the average PBT of the previous four quarters. Similarly, the Profit After Tax (PAT) stood at Rs 113.67 crore, marking a 42.9% increase over the average PAT from the prior four quarters. These figures suggest a robust near-term trend in profitability.

However, the company faces challenges as evidenced by its Debtors Turnover Ratio, which has reached its lowest point at 23.66 times over the last five half-yearly periods, indicating a slowdown in the pace of settling its debtors.

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