Shervani Industrial Syndicate Reports Negative Financial Results for Q1 FY25

Shervani Industrial Syndicate, a microcap real estate company, recently declared its financial results for the quarter ending June 2024. According to the data released on August 6, 2024, the company’s stock has been given a ‘Sell’ call by MarketsMOJO.

The financial performance of Shervani Industrial Syndicate for the quarter has been very negative, with a score of -24 compared to -5 in the previous quarter. However, there are some positive aspects to the company’s financials.

One of the highlights is the Debtors Turnover Ratio, which has been the highest in the last five half-yearly periods at 76.72 times. This indicates that the company has been able to settle its debtors at a faster rate.

On the other hand, there are some concerning factors in the financials of Shervani Industrial Syndicate. The net sales for the quarter have fallen by -85.65% year on year, indicating a very negative trend in the near term. The Profit Before Tax less Other Income (PBT) has also fallen by -100.76% year on year, and the Profit After Tax (PAT) has fallen by -99.2% year on year. The Operating Profit (PBDIT) has been the lowest at Rs 0.06 cr and has fallen each quarter in the last five quarters, showing a negative trend in the near term. The Operating Profit Margin has also been the lowest at 0.57% and has fallen each quarter in the last five quarters, indicating a deterioration in the company’s efficiency. The net sales for the quarter have also been the lowest in the last five quarters, with a negative trend in the near term.

Overall, the financial results for the quarter ending June 2024 for Shervani Industrial Syndicate have been negative, with some positive aspects in terms of debtors turnover ratio. Investors should carefully consider these factors before making any investment decisions.