Jindal Worldwide Reports Strong Sales Growth Amid Declining Profitability in December 2024 Results

Jindal Worldwide, a midcap player in the textile industry, has recently reported its financial results for the quarter ending December 2024. The company experienced a notable performance in net sales, achieving Rs 624.30 crore, which reflects a year-on-year growth of 42.61%. This figure marks the highest sales recorded in the last five quarters, indicating a positive near-term sales trend.
However, the financial results also reveal challenges for Jindal Worldwide. The Profit After Tax (PAT) for the quarter stood at Rs 18.45 crore, reflecting a year-on-year decline of 12.3%. Additionally, the Profit Before Tax (PBT), excluding other income, was reported at Rs 24.81 crore, down by 9.62% compared to the previous year. The company's interest expenses have also risen, with a half-yearly figure of Rs 32.75 crore, indicating increased borrowings. Furthermore, the Debtors Turnover Ratio has reached its lowest point in the last five half-yearly periods at 3.44 times, suggesting a slowdown in the pace of settling debts.

In light of these developments, Jindal Worldwide has undergone an adjustment in its evaluation, reflecting the mixed performance in its financial metrics.

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