Shalimar Wires Industries Reports Improved Profitability Amid Rising Interest Expenses in March 2025
Shalimar Wires Industries has announced its financial results for the quarter ending March 2025, showing a significant improvement in Profit After Tax, which reached Rs 0.92 crore. The company also reported its highest quarterly net sales in five quarters at Rs 36.35 crore, alongside an increase in Earnings per Share to Rs 0.21. However, rising interest expenses and a high proportion of non-operating income raise concerns about income sustainability.
Shalimar Wires Industries, operating within the Garments & Apparels sector, has recently released its financial results for the quarter ending March 2025. The company reported a notable shift in its evaluation, with its score rising to 5 from 2 over the past three months.The financial data reveals several positive aspects for Shalimar Wires. The Profit After Tax (PAT) for the latest six months stands at Rs 0.92 crore, a significant improvement compared to a loss of Rs 2.12 crore in the preceding twelve-month period. Additionally, the company achieved its highest quarterly net sales in the last five quarters, totaling Rs 36.35 crore, indicating a favorable near-term sales trend. Furthermore, the Earnings per Share (EPS) reached Rs 0.21, marking the highest level in the same timeframe, which reflects an increase in profitability for shareholders.
Conversely, the financial results also highlight challenges. The interest expense for the quarter was recorded at Rs 4.06 crore, representing a 33.11% increase quarter on quarter, suggesting a rise in borrowings. Additionally, the non-operating income accounted for 225.00% of the Profit Before Tax (PBT), raising concerns about the sustainability of the company's income sources.
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