Manaksia Reports Mixed Financial Results Amidst Significant Sales Growth in May 2025

Manaksia, a microcap company in the Iron & Steel Products industry, has recently reported its financial results for the quarter ending March 2025. The results, declared on May 28, 2025, indicate notable developments in the company's financial metrics.
The company has experienced a significant adjustment in its evaluation, with its score rising to 4 from -18 over the past three months. This change reflects a positive trend in net sales, which reached Rs 268.56 crore, marking an 86.1% increase compared to the average of the previous four quarters. Additionally, the operating profit to interest ratio has reached its highest point in five quarters at 11.33 times, suggesting an enhanced capacity to manage interest obligations.

However, not all aspects of the financial performance are favorable. The profit after tax for the latest six months stands at Rs 26.40 crore, showing a year-on-year decline of 51.24%. Furthermore, non-operating income constitutes 40.69% of profit before tax, raising concerns about the sustainability of the business model. Earnings per share have also reached a low of Rs 1.76 in the last five quarters, indicating challenges in profitability.

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