Simran Farms Reports Significant PAT Growth Amid Liquidity Concerns in December 2024 Results
Simran Farms has announced its financial results for the quarter ending December 2024, showcasing a substantial increase in Profit After Tax (PAT) to Rs 9.10 crore, reflecting significant year-on-year growth. Net sales reached Rs 245.12 crore, marking a notable rise, although cash reserves have declined to Rs 4.45 crore.
Simran Farms, a microcap player in the FMCG sector, has recently reported its financial results for the quarter ending December 2024. The results indicate a notable shift in the company's evaluation, with its score reflecting a change from 10 to 14 over the past three months.The financial data reveals a significant increase in Profit After Tax (PAT) for the nine-month period, reaching Rs 9.10 crore, which marks a remarkable year-on-year growth of 4,689.47%. This positive trend in PAT suggests a strong operational performance. Additionally, net sales for the quarter have reached Rs 245.12 crore, representing a 60.0% growth compared to the average net sales of the previous four quarters, and it stands as the highest figure recorded in the last five quarters.
However, the financial results also highlight some challenges. The cash and cash equivalents have dropped to Rs 4.45 crore, the lowest level observed in the last six half-yearly periods, indicating a potential concern regarding short-term liquidity.
Overall, Simran Farms has experienced evaluation changes that reflect its recent financial performance and operational dynamics.
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