Shri Krishna Devcon Reports Negative Performance in Q1 2024 Financial Results
Shri Krishna Devcon, a microcap real estate company, recently announced its financial results for the quarter ending March 2024. According to the data released on May 31, 2024, the company has seen a negative performance in this quarter. The score has fallen from 2 to -18 in the last three months, indicating a significant decline.
One of the major factors contributing to this decline is the Profit After Tax (PAT), which has fallen by 33.6% to Rs 1.32 crore compared to the average PAT of the previous four quarters, which was Rs 1.99 crore. This trend is expected to continue in the near term.
Similarly, the Net Sales for the quarter have also seen a decline of 18.3% to Rs 6.70 crore compared to the average Net Sales of the previous four quarters, which was Rs 8.20 crore. This indicates a negative trend in the company's sales performance in the near term.
The Profit Before Tax less Other Income (PBT) has also seen a decline of 15.9% to Rs 2.14 crore compared to the average PBT of the previous four quarters, which was Rs 2.55 crore. This further supports the negative trend in the company's financial performance.
Based on these financial results, MarketsMOJO has given a 'Strong Sell' call for Shri Krishna Devcon's stock. This indicates that the company's stock is not performing well and investors should exercise caution while making any investment decisions.
It is important to note that this article is based on factual data and does not include any external sources or opinions. It is meant to provide neutral and informative information about Shri Krishna Devcon's financial performance in the last quarter.
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