Ansal Housing Announces Q3 Financial Results, Shows Mixed Performance

Ansal Housing, a microcap real estate company, recently announced its financial results for the quarter ending December 2023. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financials, Ansal Housing has shown a flat performance in the quarter, with a score of 4 compared to 14 in the previous 3 months. However, there are some positive aspects to the company's performance.

One of the highlights is the growth in net sales, which has increased by 38.0% to Rs 108.62 crore compared to the average net sales of the previous four quarters at Rs 78.73 crore. This indicates a positive trend in near term sales.

Another positive aspect is the debtors turnover ratio, which is at its highest in the last five half yearly periods at 2.26 times. This shows that the company has been able to settle its debtors faster.

However, there are also some areas of concern for Ansal Housing. The profit after tax (PAT) for the quarter has fallen by -160.2% to Rs -6.59 crore compared to the average PAT of the previous four quarters at Rs -2.53 crore. This indicates a very negative trend in near term PAT.

Additionally, the company's non-operating income for the quarter is 123.42% of the profit before tax (PBT). This suggests that the company's income from non-business activities is high, which may not be a sustainable business model.

Furthermore, the company's cash and cash equivalents for the half yearly period is at its lowest in the last six periods at Rs 11.82 crore. This indicates a deteriorating short term liquidity.

Overall, Ansal Housing's financial performance for the quarter ending December 2023 has been mixed, with some positive and negative aspects. Investors are advised to hold their stock and closely monitor the company's future financial results.