R&B Denims Reports Strong Growth in Net Sales and Profits for Q3 2024

R&B Denims, a microcap textile company, has recently announced its financial results for the quarter ending September 2024. The company has shown positive growth in its net sales, profit before tax, and profit after tax, indicating a strong performance in the quarter.

According to the financial report, R&B Denims' net sales for the quarter stood at Rs 93.35 crore, showing a growth of 40.67% year on year. This is a significant increase from the previous quarter and reflects a positive sales trend for the company. Similarly, the profit before tax (PBT) for the quarter was Rs 5.07 crore, with a growth of 32.38% year on year. The profit after tax (PAT) also saw a growth of 30.3% year on year, standing at Rs 4.64 crore.

However, the company's interest expenses have also increased by 39.84% over the previous half-yearly period, indicating a rise in borrowings. Additionally, the company's cash and cash equivalents have decreased to Rs 3.37 crore, the lowest in the last six half-yearly periods, suggesting a deteriorating short-term liquidity.

Despite these challenges, MarketsMOJO has given a 'Hold' call for R&B Denims' stock, indicating a neutral stance. The company's financial performance in the quarter has been positive, but it is important to keep an eye on its interest expenses and cash flow in the coming months. Overall, R&B Denims has shown promising growth in the textile industry and is expected to continue its positive trend in the near future.