Suryaamba Spinning Mills Reports Strong Financial Results, Indicating Improved Profitability Trends in December 2024
Suryaamba Spinning Mills has announced its financial results for the quarter ending December 2024, showcasing significant improvements. The company achieved its highest operating profit to interest ratio in five quarters, with net sales reaching Rs 55.45 crore and notable increases in both Profit Before Tax and Profit After Tax.
Suryaamba Spinning Mills, a microcap player in the textile industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a notable shift in the company's financial standing, with a revision in its score reflecting the positive developments observed over the past three months.The company achieved its highest operating profit to interest ratio in the last five quarters, recorded at 3.50 times, suggesting an enhanced capacity to manage interest obligations. Additionally, net sales reached Rs 55.45 crore, marking a peak in sales performance for the same period. Profit Before Tax (PBT) also saw a significant uptick, reaching Rs 1.09 crore, while Profit After Tax (PAT) was reported at Rs 0.96 crore, both representing the highest figures in the last five quarters. Furthermore, Earnings per Share (EPS) climbed to Rs 3.28, indicating a favorable trend in profitability and earnings generation for shareholders.
These financial results highlight the underlying trends that have contributed to the adjustment in evaluation for Suryaamba Spinning Mills.
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