Indo Borax & Chemicals Reports Flat Q3 FY24-25 Results Amid Declining Net Sales

Indo Borax & Chemicals has recently reported its financial results for the quarter ending December 2024, revealing a flat performance for Q3 FY24-25. The company has experienced an adjustment in its evaluation, with its score shifting to -3 from -2 over the past three months.
On a positive note, the inventory turnover ratio has reached a notable high of 11.08 times on a half-yearly basis, indicating that the company has been effective in selling its inventory more rapidly over the last five half-year periods. This efficiency in inventory management is a significant highlight in the current financial landscape of Indo Borax & Chemicals.

Conversely, the company has faced challenges with its net sales, which have recorded a decline of 15.3% compared to the average net sales of the previous four quarters, amounting to Rs 37.51 crore. This figure represents the lowest net sales recorded in the last five quarters, suggesting a concerning trend in near-term sales performance.

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