Shangar Decor Reports Strong Q3 FY24-25 Results Amid Score Adjustment

Feb 10 2025 09:38 PM IST
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Shangar Decor has announced strong financial results for Q3 FY24-25, showcasing a significant year-on-year increase in net sales to Rs 10.01 crore, alongside the highest operating profit in five quarters at Rs 2.39 crore. Improvements in profit before tax and after tax were also noted, along with a better debtors turnover ratio.
Shangar Decor, a microcap company in the miscellaneous industry, has recently reported its financial results for the quarter ending December 2024. The results, declared on February 10, 2025, indicate a very positive financial performance for Q3 FY24-25. However, the company's evaluation has undergone an adjustment, with its score shifting to 22 from 23 over the past three months.

The financial data reveals significant growth in net sales, which reached Rs 10.01 crore, reflecting a year-on-year increase of 294.09%. This robust sales trend is complemented by the highest operating profit recorded in the last five quarters, amounting to Rs 2.39 crore. Additionally, profit before tax (PBT) and profit after tax (PAT) also reached their highest levels in the same period, at Rs 1.95 crore and Rs 1.47 crore, respectively. Furthermore, the debtors turnover ratio has improved, now standing at 1.67 times, indicating that the company has been effective in settling its debtors more swiftly.

Overall, Shangar Decor's recent financial results highlight a series of positive developments, despite the noted revision in its score.

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