Texmo Pipes & Products Reports Strong PAT Growth Amid Declining Net Sales in December 2024 Results

Texmo Pipes & Products has recently reported its financial results for the quarter ending December 2024, with the announcement made on February 13, 2025. The company operates within the plastic products industry and is categorized as a microcap stock.
The financial results indicate a notable shift in evaluation, with the score moving to 3 from -8 over the past three months. Key highlights from the quarter include a significant year-on-year growth in Profit After Tax (PAT), which reached Rs 5.01 crore, reflecting a 102.0% increase. Additionally, the Operating Profit to Interest ratio has reached its highest level in five quarters at 8.15 times, suggesting an enhancement in the company's capacity to manage interest obligations. Profit Before Tax (PBT) also showed positive momentum, growing to Rs 5.19 crore, a 59.69% increase year-on-year. Furthermore, cash and cash equivalents have reached Rs 12.86 crore, marking the highest level in the last six half-yearly periods, indicating improved short-term liquidity.

Conversely, the company faced challenges, particularly with net sales, which fell to Rs 109.84 crore, a decline of 10.31% year-on-year. The Debtors Turnover Ratio also reached its lowest point at 7.86 times, indicating a slowdown in the pace of settling debts.

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