Incredible Industries Reports Mixed Financial Results with Strong PAT Growth and Declining Sales in December 2024
Incredible Industries has announced its financial results for the quarter ending December 2024, revealing a significant increase in Profit After Tax to Rs 3.03 crore. However, net sales declined to Rs 161.87 crore, and the Debtors Turnover Ratio hit a low, indicating mixed performance overall.
Incredible Industries, a microcap player in the Steel/Sponge Iron/Pig Iron sector, has released its financial results for the quarter ending December 2024, declared on February 15, 2025. The company has reported a notable shift in its evaluation, with its score rising to 10 from 9 over the past three months.The financial results indicate a significant growth in Profit After Tax (PAT), which reached Rs 3.03 crore, reflecting a 57.0% increase compared to the average PAT of Rs 1.93 crore from the previous four quarters. This positive trend in PAT suggests a strong near-term performance.
Conversely, the company faced challenges in its net sales, which amounted to Rs 161.87 crore, showing a decline of 13.1% relative to the average net sales of Rs 186.27 crore from the previous four quarters. Additionally, the Debtors Turnover Ratio has reached its lowest point in the last five half-yearly periods at 16.68 times, indicating a slowdown in the pace of settling debts.
Overall, the financial results for Incredible Industries reflect a mixed performance, highlighting both strengths and areas needing attention.
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