Premier Polyfilm Reports Strong Financial Performance in Q2 FY25, PAT Increases by 35.85%

Premier Polyfilm, a leading manufacturer of plastic products, has recently announced its financial results for the quarter ending September 2024. The company has shown a positive performance in this quarter, with a score of 7 out of 20, a significant improvement from the previous quarter.

One of the key highlights of the financial report is the growth in Profit After Tax (PAT), which has increased by 35.85% year on year, reaching Rs 12.58 crore. This is a promising sign for the company, indicating its ability to generate profits and sustain growth in the near future.

Another positive aspect of Premier Polyfilm’s financials is its Inventory Turnover Ratio, which has been consistently growing in the last five half-yearly periods. This ratio, currently at 14.61 times, reflects the company’s efficiency in selling its inventory, resulting in faster cash flow.

However, the company’s Debtors Turnover Ratio has shown a decline in this quarter, reaching its lowest at 8.38 times in the last five half-yearly periods. This indicates a slower pace in settling its debtors, which is an area that Premier Polyfilm may need to focus on in the future.

Despite this, MarketsMOJO has given a ‘Buy’ call for Premier Polyfilm’s stock, indicating a positive outlook for the company. With its strong financial performance and efficient inventory turnover, Premier Polyfilm is poised for growth in the plastic products industry.