Shri Krishna Devcon Reports Mixed Financial Results for Q1 FY25, Net Sales Show Positive Trend
Shri Krishna Devcon, a microcap real estate company, recently announced its financial results for the quarter ending March 2024. The company’s stock has been given a ‘Strong Sell’ call by MarketsMOJO.
According to the financial report, Shri Krishna has seen a negative performance in the quarter, with a score of -11, which has improved from -18 in the last 3 months. However, there are some positive aspects to the company’s performance.
The net sales for the quarter were Rs 6.67 crore, showing a growth of 23.6% compared to the average net sales of the previous four quarters, which were Rs 5.40 crore. This indicates a positive trend in near-term sales.
On the other hand, the profit after tax (PAT) for the half-yearly period was Rs 2.62 crore, showing a decline of -57.81% year on year. The near-term trend for PAT is also negative.
Despite the mixed financial results, Shri Krishna Devcon remains a microcap company in the real estate industry. It is important for investors to carefully consider all aspects of the company’s performance before making any investment decisions.
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