Nexus Select Trust Reports Mixed Q3 FY24-25 Results Amid Rising Debt Concerns

Nexus Select Trust, a prominent player in the construction and real estate industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a flat financial performance for Q3 FY24-25, with a notable adjustment in its evaluation score, which has shifted to -2 from -1 over the past three months.
The financial data reveals several positive aspects for Nexus Select. The company achieved its highest quarterly net sales in the last five quarters, reaching Rs 601.44 crore. Additionally, the operating profit also peaked at Rs 412.39 crore, while profit before tax (PBT) recorded a high of Rs 163.25 crore during the same period. These metrics suggest a favorable near-term sales and operating profit trend.

Conversely, there are challenges highlighted in the financial results. The operating profit to interest ratio has reached its lowest point at 3.97 times, indicating a decline in the company's ability to manage interest payments. Furthermore, interest expenses have surged to Rs 103.76 crore, reflecting increased borrowings. The profit after tax (PAT) has also shown a decline, falling to Rs 118.73 crore, which is below the average of the previous four quarters. The debt-equity ratio has risen to 0.30 times, suggesting a higher reliance on borrowing for operations.

Overall, Nexus Select Trust's financial results present a mixed picture, with both positive achievements and notable challenges.

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