Poddar Pigments Reports Stable Performance Amid Profitability Challenges in December 2024 Results

Feb 12 2025 05:47 PM IST
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Poddar Pigments has announced its financial results for the quarter ending December 2024, highlighting stable performance with improved cash and cash equivalents at Rs 39.87 crore. However, the company faces profitability challenges, as evidenced by a 23.77% decline in profit after tax and the lowest earnings per share in five quarters.
Poddar Pigments, a player in the Dyes & Pigments industry, has released its financial results for the quarter ending December 2024. The company reported a stable financial performance during this period. Notably, the evaluation has undergone an adjustment, with the score shifting to -4 from -9 over the past three months.

Analyzing the financials, Poddar Pigments has demonstrated some positive aspects. The cash and cash equivalents reached Rs 39.87 crore, marking the highest level in the last six half-yearly periods, indicating an enhancement in short-term liquidity.

Conversely, there are areas of concern reflected in the financial data. The profit after tax (PAT) for the half-year stood at Rs 10.07 crore, showing a year-on-year decline of 23.77%. This trend suggests challenges in maintaining profitability. Additionally, the earnings per share (EPS) for the quarter was recorded at Rs 4.67, the lowest in the last five quarters, pointing to a reduction in earnings for shareholders.

Overall, Poddar Pigments is navigating a complex financial landscape, with both positive liquidity developments and notable profitability challenges.

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