Polychem Reports Mixed Financial Results for December Quarter Amid Sales Decline
Polychem recently announced its financial results for the quarter ending December 2024, revealing a decline in net sales and profit after tax compared to the previous year. However, the company achieved a record debtors turnover ratio and improved cash and cash equivalents, indicating enhanced operational efficiency and liquidity.
Polychem, a microcap company in the chemicals industry, recently reported its financial results for the quarter ending December 2024. The results indicate a challenging financial landscape, particularly in terms of sales and profitability. The company’s net sales for the quarter stood at Rs 10.47 crore, reflecting a notable decline compared to the previous year. Additionally, the profit after tax (PAT) was recorded at Rs 0.88 crore, also showing a significant year-on-year decrease.On a more positive note, Polychem has demonstrated improvements in certain operational metrics. The debtors turnover ratio reached its highest level at 8.23 times over the last five half-yearly periods, suggesting that the company has been effective in settling its debts more swiftly. Furthermore, cash and cash equivalents have also seen an uptick, reaching Rs 7.43 crore, indicating an enhancement in short-term liquidity.
Overall, Polychem's recent financial results reflect a mixed picture, with adjustments in evaluation highlighting both challenges and operational strengths.
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