Shristi Infrastructure Reports December 2024 Results: Mixed Signals on Profitability and Debt Management

Shristi Infrastructure Development Corporation has recently reported its financial results for the quarter ending December 2024, revealing a complex picture of its performance. The company has experienced a notable adjustment in its evaluation, with its score shifting to -18 from -13 over the past three months.
On a positive note, Shristi Infra's Profit After Tax (PAT) reached Rs -0.70 crore, marking the highest figure in the last five quarters, indicating a potentially favorable near-term trend in profitability. Additionally, the Debtors Turnover Ratio improved to 5.85 times, the highest in the last ten half-yearly periods, suggesting that the company has been effective in settling its debts more swiftly.

Conversely, challenges remain evident. The company's Net Sales for the quarter stood at Rs 18.72 crore, reflecting a decline of 14.9% compared to the average of the previous four quarters. Furthermore, the Interest expense has risen significantly, indicating increased borrowing, while the Debt-Equity Ratio has reached its highest level at -3.07 times, suggesting a growing reliance on debt for operational funding. Lastly, the Inventory Turnover Ratio has decreased to 0.18 times, highlighting a slowdown in inventory sales.

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