Shri Krishna Devcon Reports Mixed Financial Results for Q1 FY25, Net Sales Show Positive Trend

Aug 14 2024 10:35 AM IST
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Shri Krishna Devcon, a microcap real estate company, reported a negative performance in the quarter ending March 2024 with a score of -11, but an improvement from -18 in the last 3 months. Net sales showed a positive trend, growing by 23.6%, while profit after tax declined by -57.81% year on year. Investors should carefully evaluate the company's performance before making any investment decisions.

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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