Patels Airtemp Reports Stable Q3 FY24-25 Results Amid Mixed Financial Trends

Feb 10 2025 01:35 PM IST
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Patels Airtemp (India) has announced its financial results for the quarter ending December 2024, showing stable performance. The company reported a Profit After Tax of Rs 12.02 crore for the nine-month period, reflecting a year-on-year growth of 20.80%, while facing increased interest expenses due to higher borrowings.
Patels Airtemp (India), a microcap company in the engineering sector, has recently released its financial results for the quarter ending December 2024. The results indicate a stable performance for the third quarter of FY24-25, with the overall score remaining unchanged over the past three months.

The financial data reveals some positive developments for Patels Airtemp. The Profit After Tax (PAT) for the nine-month period stands at Rs 12.02 crore, reflecting a year-on-year growth of 20.80%. This suggests a favorable trend in profitability for the company. Additionally, the operating profit margin has reached its highest level in the last five quarters at 10.20%, indicating an improvement in operational efficiency.

Conversely, the company is facing challenges as well. The interest expense for the quarter has risen to Rs 3.61 crore, marking a quarter-on-quarter increase of 28.93%. This uptick in interest costs points to a rise in borrowings, which could impact future financial flexibility.

Overall, Patels Airtemp's recent financial results highlight a mix of positive trends and emerging challenges.

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