Shri Krishna Devcon's Q2 financial results show decline in key areas
Shri Krishna Devcon, a microcap company in the construction and real estate industry, recently announced its financial results for the quarter ending September 2024. The results have been declared on November 14, 2024.
According to MarketsMOJO, a leading stock analysis platform, the stock call for Shri Krishna is currently 'Strong Sell'. This is based on the company's very negative financial performance in the second quarter of the fiscal year 2024-2025. The company's score has fallen from -11 to -23 in the last three months.
The financials for the quarter have shown a decline in key areas. The Profit Before Tax (PBT) has fallen by 92.1% to Rs 0.12 crore, compared to the average PBT of the previous four quarters which was Rs 1.51 crore. The Profit After Tax (PAT) has also seen a decline of 86.2% to Rs 0.15 crore, compared to the average PAT of the previous four quarters which was Rs 1.09 crore. The company's net sales for the half-yearly period have also shown a negative trend, with a growth of -28.48% year on year.
The company's operating cash flow has been at its lowest in the last three years, at Rs -2.18 crore. This indicates a decline in the company's cash revenues from business operations. The operating profit margin for the quarter has also been at its lowest in the last five quarters, at 0.00%. This shows a deterioration in the company's efficiency.
In terms of liquidity, Shri Krishna's cash and cash equivalents for the half-yearly period have been at its lowest in the last six periods, at Rs 4.05 crore. The company's debtors turnover ratio has also been at its lowest in the last five half-yearly periods, at 2.81 times. This indicates a slowdown in the company's pace of settling its debtors.
Overall, the financial results for the quarter ending September 2024 have not been favorable for Shri Krishna Devcon. The company's performance has been on a downward trend, with negative growth in key areas. Investors are advised to exercise caution while considering this stock.
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