Minda Corporation Reports 25% PAT Growth Amid Mixed Financial Indicators for December Quarter
Minda Corporation, a midcap player in the auto ancillary industry, recently announced its financial results for the quarter ending December 2024. The company reported a profit after tax (PAT) of Rs 139.14 crore, reflecting a year-on-year growth of 25.06%. This positive trend in PAT indicates a robust performance in the near term.However, the company has experienced an adjustment in its evaluation, with its score declining to 5 from 9 over the past three months. This change highlights a shift in the overall assessment of the company's financial health.
On a positive note, Minda Corporation achieved its highest inventory turnover ratio at 8.93 times, demonstrating an effective strategy in managing and selling inventory more efficiently over the last five half-yearly periods. Conversely, the debtors turnover ratio has reached its lowest point at 5.47 times, suggesting a slowdown in the pace of settling debts.
Overall, Minda Corporation's recent financial results reflect a mix of strengths and challenges, leading to a revision in its score.
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