Sirca Paints India Reports Flat Q3 Performance Amid Sales Growth and Debtor Challenges

Feb 11 2025 06:20 PM IST
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Sirca Paints India has announced its financial results for the quarter ending February 2025, showing flat performance in Q3 FY24-25. While net sales increased by 24.42% year-on-year to Rs 194.21 crore, the Debtors Turnover Ratio fell to its lowest in five half-yearly periods, indicating challenges in debtor management.
Sirca Paints India has recently reported its financial results for the quarter ending in February 2025. The company operates within the small-cap paints industry and has experienced a flat financial performance for the third quarter of FY24-25. Notably, there has been an adjustment in its evaluation, with the score reflecting a shift from -1 to -2 over the past three months.

On a positive note, Sirca Paints has demonstrated growth in its net sales, which reached Rs 194.21 crore for the half-year period, marking a year-on-year increase of 24.42%. This indicates a favorable near-term sales trend for the company.

Conversely, the company's Debtors Turnover Ratio has reached its lowest point in the last five half-yearly periods, recorded at 3.93 times. This suggests a slowdown in the pace at which Sirca Paints is settling its debtors, which may warrant further attention.

Overall, the recent financial results highlight both growth in sales and challenges in debtor management for Sirca Paints India.

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