Sunflag Iron & Steel Reports Strong Financial Performance and Improved Operational Metrics in December 2024

Feb 13 2025 07:32 PM IST
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Sunflag Iron & Steel Company has announced its financial results for the quarter ending December 2024, highlighting a significant increase in profit metrics. The operating profit margin reached 12.41%, while profit before tax rose to Rs 63.12 crore. The debt-equity ratio improved to 0.09, indicating reduced borrowing.
Sunflag Iron & Steel Company has recently reported its financial results for the quarter ending December 2024, showcasing notable developments in its performance metrics. The company has experienced a significant adjustment in its evaluation, with its score rising to 12 from 0 over the past three months.

Key highlights from the financial results indicate a robust operating profit to interest ratio, which reached its highest level in five quarters at 5.15 times, reflecting an enhanced capacity to manage interest obligations. The profit before tax, excluding other income, stood at Rs 63.12 crore, marking a substantial growth of 45.3% compared to the average of the previous four quarters.

Additionally, the debt-equity ratio has reached a low of 0.09 times, demonstrating a consistent reduction in borrowing relative to equity capital. The operating profit, recorded at Rs 110.68 crore, and the operating profit margin of 12.41% also represent the highest figures in the last five quarters, indicating improved operational efficiency.

Furthermore, profit after tax has shown a positive trend, with a notable increase of 35.9% over the average of the previous four quarters, reaching Rs 50.14 crore. Earnings per share have also peaked at Rs 2.78, reflecting the company's commitment to enhancing shareholder value.

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