International Conveyors Reports Mixed Financial Results Amid Operational Challenges in December 2024
International Conveyors has announced its financial results for the quarter ending December 2024, showing a Profit After Tax of Rs 78.68 crore for the nine-month period, a year-on-year increase. However, the company faced challenges with a negative Profit Before Tax and a decline in net sales and operating profit margin.
International Conveyors has recently reported its financial results for the quarter ending December 2024, revealing a complex picture of performance. The company's Profit After Tax (PAT) for the nine-month period stands at Rs 78.68 crore, reflecting a year-on-year growth of 39.70%. This figure surpasses the PAT of Rs 62.39 crore from the previous twelve months, indicating a positive trend in this area.However, the results also highlight significant challenges. The Profit Before Tax less Other Income (PBT) for the quarter is reported at Rs -1.71 crore, marking a notable decline compared to the average PBT of Rs 1.31 crore over the previous four quarters. Additionally, net sales for the quarter have decreased to Rs 26.09 crore, down 12.8% from the average of the last four quarters. The operating profit margin has also reached its lowest point in five quarters at 1.46%, suggesting a decline in operational efficiency.
In light of these developments, International Conveyors has experienced an adjustment in its evaluation, with its score reflecting the current financial landscape.
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