Tolins Tyres Reports Flat Q3 FY24-25 Results Amid Profit Growth and Sales Decline

Feb 12 2025 09:58 AM IST
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Tolins Tyres has announced its financial results for the quarter ending December 2024, revealing a flat performance. The company reported a significant year-on-year increase in Profit After Tax at Rs 11.06 crore, while net sales declined to Rs 42.03 crore, marking a decrease from previous quarters.
Tolins Tyres, a microcap player in the Tyres & Allied industry, has recently reported its financial results for the quarter ending December 2024. The results, declared on February 11, 2025, indicate a flat performance for the third quarter of FY24-25. Notably, the company's evaluation has undergone a revision, with its score adjusting to 2 from a previous score of 9 over the last three months.

On a positive note, Tolins has reported a significant growth in Profit After Tax (PAT), which stands at Rs 11.06 crore, reflecting a year-on-year increase of 64.58%. This trend suggests a favorable near-term outlook for profitability. However, the company faces challenges as net sales for the quarter have shown a decline, recorded at Rs 42.03 crore, which is 7.0% lower than the average net sales of the previous four quarters. Additionally, the operating profit has reached its lowest point in the last five quarters at Rs 5.68 crore, and the operating profit margin has also decreased to 13.51%, indicating a decline in operational efficiency.

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