Kandagiri Spinning Mills Reports Flat Q3 FY24-25 Results Amid Improved Debtors Turnover Ratio

Kandagiri Spinning Mills, a microcap player in the textile industry, has released its financial results for the third quarter of FY24-25 on January 11, 2025. The company reported flat financial performance during this period, with an adjustment in its evaluation resulting in a score improvement to -1 from -3 over the last three months. A notable highlight from Kandagiri's December 2024 financials is its Debtors Turnover Ratio, which reached a high of 2.74 times in the last five half-yearly periods. This indicates that the company has been effective in settling its debtors more quickly, reflecting improved operational efficiency. Despite the overall flat performance, the enhancement in the Debtors Turnover Ratio suggests that Kandagiri Spinning Mills is managing its receivables effectively. As Kandagiri Spinning Mills continues to navigate the textile sector, its financial metrics will be closely monitored by stakeholders. Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.