SKM Egg Products Reports Mixed Financial Results for December Quarter 2024

SKM Egg Products Export (India), operating within the FMCG sector, has recently reported its financial results for the quarter ending December 2024. The company has experienced notable shifts in its financial metrics, leading to an adjustment in its evaluation. The score has moved to -15 from -16 over the past three months, indicating a change in assessment.
On a positive note, the Debtors Turnover Ratio has reached a high of 31.35 times, reflecting the company's efficiency in settling its debtors more rapidly over the last five half-year periods. Additionally, the Debt-Equity Ratio stands at its lowest in recent history at 0.50 times, suggesting a reduction in borrowing relative to equity capital.

Conversely, the financial results also highlight challenges for SKM Egg Products. The Profit After Tax (PAT) has shown a decline, recorded at Rs 7.53 crore, which is a decrease of 29.1% compared to the average PAT of the previous four quarters. Furthermore, Net Sales have contracted by 20.10% year-on-year, and Earnings per Share (EPS) have reached their lowest point in five quarters at Rs 2.86, indicating a trend of declining profitability.

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