Shervani Industrial Syndicate Reports Mixed Financial Results Amidst Liquidity Improvement in December 2024

Feb 17 2025 01:34 PM IST
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Shervani Industrial Syndicate has announced its financial results for the quarter ending December 2024, revealing a complex financial landscape. While cash and cash equivalents have reached a six-half-year high, significant declines in profit after tax and net sales indicate ongoing challenges for the company in the construction and real estate sector.
Shervani Industrial Syndicate has recently reported its financial results for the quarter ending December 2024, with the announcement made on February 14, 2025. The company operates within the construction and real estate sector and is categorized as a microcap entity.

In the latest evaluation, Shervani Industrial Syndicate has experienced a revision in its score, moving to -17 from -19 over the past three months. This adjustment reflects a complex financial landscape for the company. Notably, cash and cash equivalents have reached their highest level in the last six half-yearly periods, totaling Rs 31.20 crore, indicating an improvement in short-term liquidity.

However, the financial results also highlight significant challenges. The profit after tax (PAT) for the half-year stands at Rs 1.68 crore, showing a substantial decline of 86.24% year on year. Additionally, profit before tax less other income (PBT) for the quarter is reported at Rs 0.26 crore, which has decreased by 88.18% year on year. Furthermore, net sales for the quarter have fallen to Rs 11.71 crore, reflecting a decline of 10.41% year on year.

These results underscore the mixed performance of Shervani Industrial Syndicate as it navigates its financial environment.

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