Shri Dinesh Mills Reports Significant Declines in Financial Performance for December 2024

Shri Dinesh Mills, a microcap player in the textile industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a challenging period for the company, with notable declines in key financial metrics. The evaluation changes reflect a shift in the company's score, which has moved to -16 from -10 over the past three months.
The Profit Before Tax (PBT) for the quarter stands at Rs 1.48 crore, showing a significant year-on-year decline of 73.94%. Similarly, the Profit After Tax (PAT) has also decreased to Rs 1.59 crore, marking a 73.4% drop compared to the previous year. Net sales have experienced a contraction, reported at Rs 16.22 crore, which is a decline of 5.75% year-on-year.

Additionally, a substantial portion of the company's income, 55.69% of PBT, is derived from non-operating activities, raising concerns about the sustainability of its business model. The earnings per share (EPS) have reached their lowest point in five quarters at Rs 1.88, indicating a decline in profitability. Furthermore, cash and cash equivalents have fallen to Rs 3.33 crore, the lowest in the last six half-yearly periods, suggesting a deterioration in short-term liquidity.

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