Somi Conveyor Beltings Reports Strong December 2024 Results Amid Market Evaluation Shift
Somi Conveyor Beltings has reported its financial results for the quarter ending December 2024, revealing a Profit After Tax of Rs 3.84 crore, up 87.32% year-on-year, and net sales of Rs 61.72 crore, reflecting a 31.57% increase. However, the company's evaluation score has decreased from 18 to 12 in recent months.
Somi Conveyor Beltings, a microcap company in the rubber products industry, has recently reported its financial results for the quarter ending December 2024. The results, declared on February 14, 2025, indicate a notable performance in key financial metrics. The company achieved a Profit After Tax (PAT) of Rs 3.84 crore, reflecting a significant year-on-year growth of 87.32%. This positive trend in profitability suggests a robust operational performance during the period. Additionally, net sales reached Rs 61.72 crore, marking a year-on-year increase of 31.57%. This growth in sales underscores a favorable near-term trend for the company.
Despite these positive indicators, the overall evaluation of Somi Conveyor Beltings has undergone an adjustment, with its score declining to 12 from 18 over the past three months. This revision in its score highlights a shift in assessment, reflecting the complexities of the current market environment.
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