Likhitha Infrastructure's Q1 results show potential for future growth

Aug 09 2024 03:38 PM IST
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Likhitha Infrastructure, a smallcap company in the capital goods industry, has reported its financial results for the quarter ending March 2024. The results show a flat performance with a score of -1, but net sales have reached a five-quarter high of Rs 125.03 crore and debtors turnover ratio has improved. MarketsMojo advises holding position in the company's stock.
Likhitha Infrastructure, a smallcap company in the capital goods industry, has recently declared its financial results for the quarter ending March 2024. The results, released on August 9, 2024, have received a 'Hold' call from MarketsMOJO.

The company's financial performance for the quarter has remained flat, with a score of -1 compared to 4 in the previous quarter. However, there are some positive aspects to the results.

One of the highlights is the net sales for the quarter, which have reached a five-quarter high of Rs 125.03 crore. This indicates a positive trend in the company's sales in the near term.

Another positive aspect is the debtors turnover ratio, which has reached a five-period high of 5.52 times in the last half-yearly period. This shows that the company has been able to settle its debtors at a faster rate.

Overall, Likhitha Infrastructure's financial results for the quarter ending March 2024 may not be impressive, but there are some positive signs that indicate potential for growth in the future. Investors are advised to hold their position in the company's stock, as suggested by MarketsMOJO.
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