Surana Solar Reports Strong Sales Growth Amid Debt Management Challenges in Q3 FY24-25

Surana Solar, a microcap company in the renewable energy sector, has released its financial results for the third quarter of FY24-25, showcasing a positive performance despite a revision in its score. The company's net sales for the half-year reached Rs 24.92 crore, reflecting a substantial year-on-year growth of 247.56%. This figure surpasses the previous twelve-month period's sales of Rs 22.46 crore, indicating a robust sales trend.
In terms of profitability, Surana Solar reported a profit after tax (PAT) of Rs 0.50 crore for the half-year, marking a significant turnaround from a loss of Rs 1.21 crore in the same period last year. This development points to an improvement in the company's financial health.

However, the company is encountering challenges, as its debtors turnover ratio has decreased to 3.15 times, the lowest recorded in the last five half-yearly periods. This shift suggests a slower pace in settling debts, which may affect cash flow management. Overall, Surana Solar's recent financial results underscore a combination of sales and profitability growth, alongside concerns regarding debt management.

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