HB Estate Developers Reports Strong Financial Growth Amid Liquidity Challenges in December 2024 Results

Feb 12 2025 05:42 PM IST
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HB Estate Developers has announced its financial results for the quarter ending December 2024, revealing notable growth in Profit Before Tax and Profit After Tax. The company also reported improvements in its operating profit to interest ratio and inventory turnover, while facing challenges with cash equivalents and debtor turnover.
HB Estate Developers, operating in the Hotel, Resort & Restaurants industry, has recently reported its financial results for the quarter ending December 2024. The results, declared on February 12, 2025, indicate a significant shift in the company's financial evaluation, with a revision in its score reflecting the positive performance over the past three months.

The financial data reveals that the Profit Before Tax (PBT) reached Rs 5.41 crore, marking a notable growth compared to the average of the previous four quarters. Similarly, the Profit After Tax (PAT) stood at Rs 4.82 crore, showcasing a strong increase over the same period. The company's operating profit to interest ratio has also improved, indicating enhanced capability in managing interest obligations.

Additionally, the inventory turnover ratio has reached its highest level in recent periods, suggesting effective inventory management. Net sales have peaked at Rs 31.41 crore, further supporting the positive trends observed. Earnings per share (EPS) have also reached a new high, reflecting increased profitability for shareholders.

However, the company faces challenges, particularly in cash and cash equivalents, which have declined, indicating potential short-term liquidity issues. The debtors turnover ratio has also decreased, suggesting a slower pace in settling receivables.

Overall, HB Estate Developers has experienced a significant adjustment in its evaluation based on the latest financial results.

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