Shri Krishna Devcon Reports Significant Sales Growth Amid Liquidity Challenges in December 2024

Shri Krishna Devcon, a microcap player in the construction and real estate industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a notable shift in the company's evaluation, with the score moving to 1 from -23 over the past three months.
The financial data reveals that net sales for the quarter reached Rs 5.89 crore, reflecting a growth of 76.2% compared to the average net sales of Rs 3.34 crore from the previous four quarters. This positive trend in sales is complemented by a profit before tax (PBT) of Rs 1.27 crore, which shows a growth of 49.9% over the average PBT of Rs 0.85 crore in the prior four quarters.

However, not all aspects of the financials are favorable. The company's cash and cash equivalents have reached their lowest point in the last six half-yearly periods, standing at Rs 4.05 crore, indicating challenges in short-term liquidity. Additionally, the debtors turnover ratio has also declined, recorded at 2.81 times, marking the lowest in the last five half-yearly periods, suggesting a slowdown in the pace of settling debts.

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