Sangam India Reports Decline in Profitability and Rising Interest Expenses in March 2025 Results

Sangam India, a small-cap player in the Garments & Apparels industry, has recently reported its financial results for the quarter ending March 2025. The results indicate a notable shift in the company's financial health, as reflected in the adjustments to its evaluation.
The Profit Before Tax less Other Income (PBT) for the quarter stands at Rs 2.38 crore, marking a significant decline compared to the average of Rs 12.58 crore over the previous four quarters. This trend suggests challenges in maintaining profitability. Additionally, the Profit After Tax (PAT) for the latest six months is reported at Rs 13.67 crore, showing a year-on-year contraction of 31.98%, further indicating difficulties in sustaining earnings.

Interest expenses have reached their highest level in the last five quarters at Rs 25.47 crore, reflecting an increase in borrowing costs. The operating profit margin has also dipped to 7.86%, the lowest in recent quarters, suggesting a decline in operational efficiency. Furthermore, non-operating income has surged to 83.54% of PBT, raising concerns about the sustainability of the company's income sources.

Overall, these financial results have led to a revision in Sangam India's score, highlighting the need for careful evaluation of its current financial trajectory.

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