Magnum Ventures Reports Significant PAT Growth Amid Rising Interest Costs and Liquidity Improvement in December 2024

Magnum Ventures, operating in the Paper & Paper Products industry, has recently released its financial results for the quarter ending December 2024. The company reported a notable performance in its Profit After Tax (PAT), which reached Rs 16.92 crore, reflecting a significant year-on-year growth of 116.09%. This figure surpasses the PAT of Rs 2.35 crore from the previous twelve-month period, indicating a strong upward trend in profitability.
Additionally, Magnum Ventures reported its highest cash and cash equivalents in the last six half-yearly periods, totaling Rs 47.47 crore, suggesting an improvement in short-term liquidity. However, the company also faced challenges, particularly with rising interest costs, which increased by 45.41% compared to the previous half-year period, indicating a potential rise in borrowings. Furthermore, the Debtors Turnover Ratio has reached its lowest point in the last five half-yearly periods at 7.10 times, suggesting a slowdown in the pace of settling debts.

In light of these developments, Magnum Ventures has experienced an adjustment in its evaluation, with its score moving from -6 to -5 over the last three months.

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