Manaksia Aluminium Reports December 2024 Results, Highlights Sales Growth and Rising Interest Costs
Manaksia Aluminium Company announced its financial results for the quarter ending December 2024, revealing net sales of Rs 139.74 crore, a 23.2% increase from the previous four quarters. Operating profit reached Rs 11.54 crore, while interest expenses rose to Rs 15.01 crore, indicating potential financial challenges.
Manaksia Aluminium Company has recently reported its financial results for the quarter ending December 2024, with the announcement made on February 12, 2025. The company operates within the non-ferrous metal industry and is categorized as a microcap entity.The financial performance for the quarter reflects a stable trend, with net sales reaching Rs 139.74 crore, marking a growth of 23.2% compared to the average net sales of the previous four quarters, which stood at Rs 113.38 crore. This indicates a positive near-term sales trend for the company. Additionally, the operating profit (PBDIT) has reached its highest level in the last five quarters at Rs 11.54 crore, suggesting a favorable operating environment.
However, the financial results also highlight challenges, particularly in the area of interest expenses. The half-yearly interest has risen to Rs 15.01 crore, reflecting a growth of 32.48% over the previous half-year period. This increase in interest costs may indicate a rise in borrowings, which could impact the company's financial stability.
In light of these developments, there has been an adjustment in the evaluation of Manaksia Aluminium Company, with its score reflecting recent changes in its financial standing.
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