Technocraft Industries Reports Record Quarterly Sales Amid Profitability Challenges for December 2024

Feb 11 2025 10:02 PM IST
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Technocraft Industries (India) has announced its financial results for the quarter ending December 2024, showcasing record quarterly net sales of Rs 644.33 crore. However, profitability metrics revealed challenges, with significant declines in Profit After Tax and Profit Before Tax, indicating a mixed performance in the steel and sponge iron sector.
Technocraft Industries (India) has recently reported its financial results for the quarter ending December 2024, revealing a complex picture of performance within the steel and sponge iron industry. The company has experienced a notable shift in its evaluation, with its score adjusting to -9 from -10 over the past three months.

On a positive note, Technocraft Industries achieved its highest quarterly net sales at Rs 644.33 crore, marking consistent growth each quarter over the last five quarters. This trend indicates a robust near-term sales trajectory.

Conversely, the company faced challenges in profitability metrics. The Profit After Tax (PAT) for the quarter stood at Rs 40.61 crore, reflecting a significant decline of 39.7% compared to the average PAT of the previous four quarters. Similarly, the Profit Before Tax (PBT) was recorded at Rs 51.60 crore, down 17.8% from the average of the last four quarters, marking the lowest PBT in the last five quarters. Additionally, the Earnings per Share (EPS) reached Rs 17.91, the lowest in the same timeframe, suggesting a decline in profitability for shareholders.

Overall, Technocraft Industries is navigating a landscape of mixed results, with adjustments in its evaluation reflecting these underlying trends.

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