Palco Metals Ltd Reports Strong Half-Year Growth Amid Inventory Concerns in December 2024

Feb 15 2025 09:48 AM IST
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Palco Metals Ltd has announced its financial results for the quarter ending December 2024, highlighting a significant year-on-year growth in Profit After Tax at Rs 2.82 crore. Net sales reached Rs 61.91 crore, the highest in five quarters, while the Debtors Turnover Ratio improved, indicating efficient debt collection. However, the Inventory Turnover Ratio declined, signaling slower inventory sales.
Palco Metals Ltd, operating in the Aluminium & Aluminium Products industry, has recently reported its financial results for the quarter ending December 2024. The evaluation changes reflect a notable shift, with the score adjusting to 13 from 22 over the past three months.

The financial data indicates several positive trends for Palco Metals Ltd. The Profit After Tax (PAT) for the half-year stands at Rs 2.82 crore, showcasing a significant year-on-year growth of 94.48%. Additionally, net sales reached Rs 61.91 crore for the quarter, marking the highest figure in the last five quarters, suggesting a favorable near-term sales trend. Furthermore, the Debtors Turnover Ratio has improved, recorded at 35.23 times, indicating that the company has been effective in settling its debtors more swiftly.

Conversely, there are areas of concern. The Inventory Turnover Ratio has reached its lowest point at 8.80 times, reflecting a decline over the last five half-year periods, which suggests a slowdown in the pace of inventory sales.

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