Sharika Enterprises Reports Significant Decline in Financial Performance for May 2025
Sharika Enterprises has announced its financial results for the quarter ending March 2025, revealing a significant decline in net sales, which totaled Rs 17.38 crore. The company also reported decreases in profit before tax and profit after tax, raising concerns about its near-term outlook.
Sharika Enterprises, a microcap company in the Trading & Distributors industry, has recently reported its financial results for the quarter ending March 2025. The results, declared on May 28, 2025, indicate a significant shift in the company's financial standing. The company experienced a notable decline in net sales, which reached Rs 17.38 crore, reflecting a substantial year-on-year decrease. This marks the lowest sales figure recorded in the last five quarters, suggesting a challenging environment for the company. Additionally, the profit before tax, less other income, was reported at Rs 3.53 crore, also showing a considerable year-on-year decline. Profit after tax followed a similar trend, with a reported figure of Rs 4.71 crore, indicating a downward trajectory compared to the previous year.
These financial results have led to an adjustment in evaluation for Sharika Enterprises, with the score reflecting a notable change from the previous assessment. The overall financial performance for the quarter has raised concerns regarding the company's near-term outlook.
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