Tilaknagar Industries Reports Mixed Q3 Results Amid Strong Profit Growth and Sales Decline

Tilaknagar Industries, a midcap player in the Breweries & Distilleries sector, has recently reported its financial results for the quarter ending December 2024. The results indicate a complex landscape for the company, with notable strengths and challenges.
On the positive side, Tilaknagar Industries has demonstrated a strong ability to manage its interest payments, as reflected in its operating profit to interest ratio, which stands at 25.57 times, marking the highest level in the last five quarters. Additionally, the company reported a profit before tax of Rs 50.22 crore, showcasing a year-on-year growth of 42.11%. The profit after tax also reflects a positive trend, reaching Rs 53.93 crore, which is a 23.2% increase year on year. Furthermore, the debt-equity ratio has improved, now at 0.13 times, indicating a reduction in borrowing relative to equity capital.

Conversely, the company faces challenges with net sales, which have declined by 9.63% year on year, totaling Rs 340.43 crore. Additionally, the debtors turnover ratio has reached its lowest point at 6.87 times, suggesting a slowdown in the pace of settling debts.

In light of these developments, Tilaknagar Industries has experienced an adjustment in its evaluation, with its score reflecting recent changes.

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