Majestic Auto Reports Record Quarterly Sales Amid Mixed Financial Performance for December 2024
Majestic Auto's financial results for the quarter ending December 2024 reveal a mixed performance. The company achieved record net sales of Rs 17.24 crore and improved its operating profit to interest ratio. However, it faced challenges with a significant decline in profit after tax and earnings per share.
Majestic Auto has recently reported its financial results for the quarter ending December 2024, revealing a complex picture of performance within the microcap sector. The company has experienced notable shifts in its evaluation, with the score moving to -6 from -14 over the past three months.On a positive note, Majestic Auto achieved its highest quarterly net sales at Rs 17.24 crore, marking consistent growth over the last five quarters. Additionally, the operating profit to interest ratio reached a peak of 2.84 times, indicating an enhanced capacity to manage interest obligations. The profit before tax, excluding other income, also showed significant growth, reaching Rs 4.15 crore, a 50.36% increase year-on-year.
Conversely, challenges remain evident. The profit after tax recorded a decline to Rs -3.02 crore, reflecting a substantial year-on-year decrease of 141.3%. Furthermore, earnings per share fell to Rs -2.90, the lowest in the last five quarters, signaling a decline in profitability for shareholders.
Overall, Majestic Auto's financial results highlight both positive trends and areas of concern, leading to a revision in its evaluation.
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