Indo Cotspin Reports 89.73% Growth in Half-Yearly Net Sales for December 2024 Quarter
Indo Cotspin has announced its financial results for the quarter ending December 2024, showcasing a significant year-on-year growth in half-yearly net sales, reaching Rs 15.52 crore. The Profit After Tax for the period increased to Rs 0.31 crore, reflecting improved profitability and strong product demand.
Indo Cotspin, a microcap player in the textile industry, has recently reported its financial results for the quarter ending December 2024. The company has demonstrated a notable performance in its half-yearly net sales, which reached Rs 15.52 crore, reflecting a significant year-on-year growth of 89.73%. This upward trend in sales indicates a robust demand for its products.Additionally, the Profit After Tax (PAT) for the half-year period stands at Rs 0.31 crore, surpassing the PAT of Rs 0.12 crore recorded in the previous twelve months. This achievement highlights the company's ability to enhance profitability within a relatively short timeframe.
In light of these developments, Indo Cotspin has experienced an adjustment in its evaluation, with its score reflecting a change from 12 to 13 over the last three months. Such revisions in assessment underscore the company's evolving financial landscape.
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