LGB Forge Reports Improved Financial Metrics for December 2024 Quarter
LGB Forge has announced its financial results for the quarter ending December 2024, highlighting improvements in key metrics. The Profit After Tax reached its highest in five quarters, alongside a peak in Operating Profit and an enhanced Operating Profit Margin. The Debtors Turnover Ratio also showed positive movement, indicating better receivables management.
LGB Forge, a microcap company in the Castings/Forgings industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a notable shift in the company's financial metrics, reflecting a positive trajectory over the last few months.The Profit After Tax (PAT) for the quarter reached Rs -0.43 crore, marking the highest figure in the last five quarters, with a consistent growth pattern observed each quarter. Similarly, the Operating Profit (PBDIT) also peaked at Rs 0.56 crore, showcasing a positive trend in operational efficiency. The Operating Profit Margin improved to 2.31%, indicating enhanced efficiency within the company.
Additionally, the Profit Before Tax less Other Income (PBT) reached Rs -0.73 crore, again the highest in the last five quarters, suggesting a favorable near-term trend. The Debtors Turnover Ratio has also seen an uptick, recorded at 4.02 times over the last half-yearly periods, reflecting the company's ability to manage its receivables more effectively.
Overall, LGB Forge has experienced significant evaluation changes in its financial performance metrics, leading to a revision in its score.
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