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