Sterlite Technologies Reports Q3 FY24-25 Results Amid Debt Management Challenges
Sterlite Technologies announced its third-quarter financial results for FY24-25, revealing a debt-equity ratio of 0.95, the lowest in five half-yearly periods. However, the company faces challenges with a declining debtors turnover ratio of 2.66, indicating potential issues in cash flow management.
Sterlite Technologies, a midcap player in the cable industry, recently released its financial results for the third quarter of FY24-25 on January 17, 2025. The company has experienced an adjustment in its evaluation, with its score shifting to 0 from -3 over the past three months.A notable aspect of Sterlite Tech's financials is its debt-equity ratio, which stands at 0.95 times for the half-yearly period. This figure represents the lowest ratio observed in the last five half-yearly periods, indicating a trend of reduced borrowing relative to equity capital.
Conversely, the company is encountering challenges, as highlighted by its debtors turnover ratio, which has declined to 2.66 times during the same timeframe. This trend suggests a slowdown in the rate at which Sterlite Technologies is managing its debts, raising potential concerns regarding cash flow management.
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