Linde India Reports Mixed Financial Results for Q3 2024, Debtors Turnover Ratio at 5-Year High

Linde India, a leading player in the industrial gases and fuels industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO. The financial performance for the quarter has remained flat, with a score of -1 compared to -3 in the previous quarter. However, there are some positive aspects to note from the Sep 2024 financials. The company's Debtors Turnover Ratio for the half-yearly period is at its highest in the last five half-yearly periods, standing at 6.46 times. This indicates that Linde India has been able to settle its debtors at a faster rate. On the other hand, there are some areas of concern for the company. The Net Sales for the quarter have fallen by -6.0% to Rs 634.42 crore, compared to the average Net Sales of the previous four quarters at Rs 675.22 crore. This shows a negative trend in the near term sales. Similarly, the Profit After Tax (PAT) for the quarter has also fallen by -5.0% to Rs 106.42 crore, compared to the average PAT of the previous four quarters at Rs 111.98 crore. This indicates a negative trend in the near term PAT. Overall, Linde India's financial performance for the quarter has been mixed, with some positive and negative aspects. Investors are advised to hold their position and monitor the company's performance in the upcoming quarters.