Manaksia Coated Metals Reports Strong Financial Growth Amid Liquidity Concerns in December 2024 Results
Manaksia Coated Metals & Industries has recently reported its financial results for the quarter ending December 2024, with the announcement made on February 12, 2025. The company has experienced notable developments in its financial metrics, leading to an adjustment in its evaluation.The financial results indicate a positive trajectory for Manaksia Coated, particularly in key areas such as Profit Before Tax (PBT) and Profit After Tax (PAT). The PBT for the quarter stands at Rs 3.93 crore, reflecting a growth of 42% compared to the average of the previous four quarters. Similarly, the PAT has reached Rs 5.01 crore, marking a 48% increase over the same period. Additionally, net sales have peaked at Rs 205.05 crore, the highest recorded in the last five quarters, suggesting a favorable near-term sales trend.
However, the company faces challenges as well. A significant portion of its PBT, approximately 41.43%, is derived from non-operating income, raising concerns about the sustainability of its business model. Furthermore, cash and cash equivalents have reached their lowest point in the last six half-yearly periods, indicating potential short-term liquidity issues.
Overall, these financial results have led to a revision in the evaluation of Manaksia Coated Metals & Industries.
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