Synergy Green Industries Reports Strong Q4 Growth Amid Debt Collection Challenges

Feb 06 2025 05:30 PM IST
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Synergy Green Industries has announced its financial results for the quarter ending December 2024, showcasing strong performance with a Profit After Tax of Rs 5.95 crore and record net sales of Rs 97.12 crore. However, the Debtors Turnover Ratio has declined, indicating challenges in debt settlement.
Synergy Green Industries, a microcap player in the castings and forgings industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a notable performance in several key areas. The Profit After Tax (PAT) reached Rs 5.95 crore, reflecting a significant growth compared to the average PAT of the previous four quarters. Additionally, net sales hit a record high of Rs 97.12 crore, marking the strongest performance in the last five quarters.

The operating profit also reached its peak at Rs 13.93 crore, while the Profit Before Tax less Other Income (PBT) stood at Rs 6.29 crore, both indicating a positive trend in profitability. Furthermore, the Earnings per Share (EPS) rose to Rs 3.83, showcasing an increase in earnings for shareholders.

However, the financial results also highlight a challenge, as the Debtors Turnover Ratio has reached its lowest point in the last five half-yearly periods, suggesting a slowdown in the company's ability to settle its debts.

Overall, Synergy Green Industries has experienced evaluation changes in its financial metrics, reflecting a complex landscape of growth and challenges.

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