Premier Polyfilm Reports Strong PAT Growth Amid Declining Sales and Liquidity Concerns
Premier Polyfilm has announced its financial results for the quarter ending December 2024, showing a significant increase in Profit After Tax at Rs 14.53 crore. However, net sales declined to Rs 61.87 crore, and cash reserves fell to their lowest level in recent periods, indicating liquidity challenges.
Premier Polyfilm, a microcap company in the plastic products industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a notable growth in Profit After Tax (PAT), which reached Rs 14.53 crore, reflecting a year-on-year increase of 59.32%. This positive trend in PAT suggests a strong performance in profitability for the company during this period.However, the financial results also highlight some challenges. The company's net sales for the quarter amounted to Rs 61.87 crore, which represents a decline compared to the average net sales of the previous four quarters, recorded at Rs 65.95 crore. This shift indicates a negative trend in sales performance in the near term. Additionally, Premier Polyfilm's cash and cash equivalents have reached their lowest point in the last six half-yearly periods, standing at Rs 2.59 crore, signaling a deterioration in short-term liquidity.
In light of these developments, there has been an adjustment in evaluation for Premier Polyfilm.
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