Krypton Industries Reports Positive Financial Results for Q1 FY25, Sales and Profitability on the Rise

Aug 05 2024 06:31 PM IST
share
Share Via
Krypton Industries, a microcap company in the tyre industry, has reported positive financial results for the quarter ending March 2024. The company's net sales have increased by 41.23% year on year, leading to a rise in Profit After Tax. However, there has been a decrease in cash and cash equivalents, indicating a need for improved short-term liquidity.

Krypton Industries, a microcap company in the tyre industry, has recently announced its financial results for the quarter ending March 2024. The results, declared on August 5th, have received a ‘Hold’ call from MarketsMOJO.

According to the financial report, Krypton Industries has shown positive performance in the quarter, with a score of 7 compared to 13 in the previous 3 months. This indicates a growth in the company’s overall financial health.


One of the key factors contributing to this positive performance is the increase in net sales. In the half-yearly period, the company’s net sales have grown by 41.23% year on year, reaching Rs 25.21 crore. This trend is expected to continue in the near future.


Moreover, Krypton Industries has also seen a rise in its Profit After Tax (PAT) in the nine-month period, which stands at Rs 1.14 crore compared to Rs 1.00 crore in the previous 12 months. This indicates a strong growth in the company’s profitability, with sales already surpassing the previous year’s figures.


However, the company’s cash and cash equivalents have decreased in the last six half-yearly periods, reaching a low of Rs 0.80 crore. This indicates a deterioration in short-term liquidity for Krypton Industries.


Overall, the financial results for the quarter ending March 2024 show a positive trend for Krypton Industries, with strong sales growth and profitability. However, the company needs to address its short-term liquidity concerns to maintain its financial stability.


{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News