Mysore Petro Chemicals Reports Mixed Financial Results Amid Profit Growth in December 2024

Mysore Petro Chemicals has recently reported its financial results for the quarter ending December 2024, showcasing notable developments in its performance metrics. The company has experienced a significant adjustment in its evaluation, with its score rising to 10 from -1 over the past three months.
The financial results indicate a remarkable growth in Profit Before Tax less Other Income (PBT), which reached Rs 3.22 crore, reflecting a substantial increase compared to the average PBT of the previous four quarters. Similarly, Profit After Tax (PAT) surged to Rs 6.34 crore, marking a dramatic rise against the prior average. Both PBT and PAT figures represent the highest levels recorded in the last five quarters, suggesting a positive near-term trend in profitability.

On the liquidity front, cash and cash equivalents have also reached a peak of Rs 7.65 crore over the last six half-yearly periods, indicating an improvement in short-term liquidity. However, it is important to note that net sales have shown a decline, with a significant drop compared to previous averages, and earnings per share have reached their lowest point in five quarters.

Overall, Mysore Petro Chemicals has undergone a revision in its score, reflecting the mixed performance across various financial metrics.

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