Lykis Reports December Quarter Results Highlighting Profit Growth Amid Sales Decline
Lykis has announced its financial results for the quarter ending December 2024, showing significant growth in Profit After Tax at Rs 2.33 crore and an improved Operating Profit to Interest ratio. However, net sales declined to Rs 79.19 crore, highlighting mixed performance in profitability and sales.
Lykis, a microcap company in the Tea/Coffee industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a notable shift in the company's evaluation, with a score adjustment reflecting a change from 1 to 12 over the past three months.The financial performance highlights several positive trends. The Profit After Tax (PAT) for the quarter stands at Rs 2.33 crore, showcasing significant growth compared to the average PAT of Rs 0.60 crore from the previous four quarters. Additionally, the Operating Profit to Interest ratio has reached its highest point in five quarters at 2.37 times, indicating improved management of interest payments. The Debt-Equity Ratio has also shown a favorable trend, recorded at its lowest of 2.51 times, suggesting a reduction in borrowing relative to equity capital.
On the other hand, the company faces challenges, particularly in net sales, which have decreased to Rs 79.19 crore, reflecting a decline of 14.5% compared to the average of the previous four quarters. This aspect indicates a contrasting trend in sales performance.
Overall, Lykis's recent financial results reveal a complex picture of growth in profitability metrics alongside challenges in sales performance.
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