Yuken India's Q3 Financial Results Show Positive Growth, But Inventory Turnover Ratio Remains Low

Inventory Turnover Ratio - Half Yearly: Lowest at 3.02 times in the last five half yearly periods.Company has been able to sell its inventory at a slower pace. Yuken India, a smallcap engineering company, has recently declared its financial results for the quarter ending September 2024. The company has shown positive performance in this quarter, with a score of 19 out of 21, which is a slight decrease from the previous quarter. One of the key highlights of the financial results is the growth in Profit Before Tax (PBT) less Other Income, which has increased by 155.14% year on year. This is a very positive trend for the company in the near term. Additionally, the company has also shown a strong operating cash flow, with the highest amount of Rs 32.48 crore in the last three years. Another positive aspect of the financial results is the growth in Profit After Tax (PAT), which has increased by 76.4% year on year. This is a very positive trend for the company in the near term. The company has also been able to settle its debtors faster, with a Debtors Turnover Ratio of 3.73 times in the last five half yearly periods. However, there are some areas that need improvement for Yuken India. The interest cost has increased by 18.18% quarter on quarter, which signifies increased borrowings. The company also has a lower Inventory Turnover Ratio of 3.02 times in the last five half yearly periods, indicating a slower pace of selling inventory. Overall, Yuken India has shown positive financial performance in the quarter ending September 2024. However, there are some areas that need to be addressed for the company to continue its growth trajectory. Investors should keep a close eye on the company's future financial results to make informed decisions.