Oceanic Foods Reports Strong Q3 FY24-25 Growth Amid Score Adjustment

Feb 10 2025 05:44 PM IST
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Oceanic Foods has announced its third-quarter financial results for FY24-25, showcasing significant year-on-year growth in Profit After Tax and achieving its highest quarterly Operating Profit. The company also reported a peak Operating Profit Margin and solid Net Sales, reflecting improvements in operational efficiency despite a recent adjustment in its overall evaluation score.
Oceanic Foods has recently reported its financial results for the third quarter of FY24-25, revealing notable developments within the company. The financial performance for this quarter indicates a significant year-on-year growth in Profit After Tax (PAT), which reached Rs 2.45 crore, reflecting a robust increase. Additionally, the company achieved its highest quarterly Operating Profit (PBDIT) at Rs 2.65 crore, marking a consistent upward trend over the past five quarters.

The Operating Profit Margin also reached a peak of 7.41%, suggesting improvements in the company's operational efficiency. Furthermore, Net Sales for the quarter amounted to Rs 35.75 crore, showcasing a solid year-on-year growth rate. Profit Before Tax less Other Income (PBT) also hit a high of Rs 1.58 crore, indicating a favorable trend in profitability.

Despite these positive indicators, the overall evaluation of Oceanic Foods has undergone an adjustment, with the score reflecting a shift from 25 to 18 over the last three months. This revision in its score highlights the dynamic nature of the company's financial landscape.

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