Shristi Infra's Q1 Financial Results Show Negative Performance, Declared 'Strong Sell' by MarketsMOJO

Shristi Infrastructure Development Corporation, a microcap real estate company, has recently declared its financial results for the quarter ending June 2024. According to the data released on August 14, 2024, the company has seen a negative financial performance with a score of -19, a significant decrease from -5 in the last three months.

Despite this, there are some positive aspects to the company's financials. Shristi Infra has shown an increase in earnings per share (EPS) for the quarter, with the highest at Rs 6.71 in the last five quarters. This indicates a growth in profitability and higher earnings for shareholders.

However, there are also some concerning factors in the financial report. The net sales for the half-yearly period have decreased by -69.64% year on year, indicating a negative sales trend in the near term. The company's ability to manage interest payments has also deteriorated, with the operating profit to interest ratio at its lowest in the last five quarters.

The profit after tax (PAT) for the quarter has also fallen by -12.2% compared to the average PAT of the previous four quarters. This shows a negative trend in the near term for the company's profitability. Additionally, the debt-equity ratio has been consistently increasing in the last five half-yearly periods, indicating that the company is borrowing more to fund its operations and may face liquidity issues.

The operating profit and margin for the quarter have also decreased, with the lowest at Rs -30.39 crore in the last five quarters. The company's efficiency has deteriorated, and its short-term liquidity is also a concern with the lowest cash and cash equivalents in the last six half-yearly periods.

Furthermore, the debtors turnover ratio has also decreased, indicating a slower pace in settling the company's debtors. Overall, Shristi Infrastructure Development Corporation's financial results for the quarter ending June 2024 have been declared as 'Strong Sell' by MarketsMOJO. Investors should carefully consider these factors before making any investment decisions.