Kothari Products Reports Mixed Financial Results, Highlighting Growth in Profit Amid Sales Decline in December 2024

Feb 17 2025 05:55 PM IST
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Kothari Products has announced its financial results for the quarter ending December 2024, revealing a Profit After Tax of Rs 10.59 crore, a notable improvement from the previous four quarters. However, net sales declined to Rs 221.49 crore, the lowest in five quarters, raising concerns about the company's reliance on non-operating income.
Kothari Products has recently reported its financial results for the quarter ending December 2024, with the announcement made on February 14, 2025. The company, operating in the trading industry and classified as a microcap, has experienced notable shifts in its financial metrics.

The Profit After Tax (PAT) for the quarter stands at Rs 10.59 crore, reflecting a significant growth compared to the average PAT of the previous four quarters, which was negative at Rs -23.63 crore. This positive trend in PAT indicates a favorable near-term outlook for the company.

Conversely, Kothari Products has faced challenges in its net sales, which totaled Rs 221.49 crore for the quarter. This figure represents a decline when compared to the average net sales of Rs 253.95 crore from the previous four quarters, marking the lowest sales figure in the last five quarters. Additionally, the company's non-operating income has reached a high of Rs 23.93 crore, accounting for 229% of its Profit Before Tax (PBT). This reliance on non-business income raises concerns regarding the sustainability of its business model.

Overall, Kothari Products has undergone an adjustment in its evaluation, reflecting the mixed performance of its financial results.

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