Shraddha Prime Projects Reports Strong Financial Growth and Increased Evaluation in December 2024

Feb 15 2025 09:48 AM IST
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Shraddha Prime Projects has announced its financial results for the quarter ending December 2024, highlighting significant growth in key metrics. Profit Before Tax reached Rs 11.46 crore, while Profit After Tax was Rs 9.08 crore. Net sales hit Rs 43.77 crore, marking the highest in five quarters.
Shraddha Prime Projects has recently reported its financial results for the quarter ending December 2024, showcasing a notable performance in various metrics. The company has experienced a revision in its evaluation, with its score reflecting a shift from 18 to 23 over the past three months.

The financial data reveals a significant growth in Profit Before Tax (PBT), which reached Rs 11.46 crore, marking a substantial increase compared to the average PBT of Rs 4.09 crore from the previous four quarters. Similarly, Profit After Tax (PAT) also demonstrated strong growth, amounting to Rs 9.08 crore, a notable rise from the average PAT of Rs 3.17 crore in the prior periods.

Net sales for Shraddha Prime Projects reached Rs 43.77 crore, the highest in the last five quarters, and reflected a growth of 31.2% over the average net sales of Rs 33.36 crore from the previous four quarters. However, the company reported its highest non-operating income in five quarters at Rs 1.41 crore, raising questions about the sustainability of this income from non-business activities.

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