Shrydus Industries Reports Positive Financial Results for Q2 FY25, Operating Profit at 5-Quarter High

Shrydus Industries, a microcap finance company, has recently announced its financial results for the quarter ending September 2024. The company has shown positive performance with a score of 11, a significant improvement from -7 in the last three months.

One of the key highlights of the financial report is the company’s operating profit (PBDIT) for the quarter, which stands at Rs 3.22 crore, the highest in the last five quarters. This indicates a positive trend in the near term for the company’s operating profit. Similarly, the profit before tax (PBT) less other income has also shown a positive trend, with the highest figure of Rs 3.22 crore in the last five quarters. The profit after tax (PAT) for the quarter is also at its highest in the last five quarters, standing at Rs 2.73 crore. This shows that the company has been able to generate higher earnings for its shareholders.

However, the net sales for the nine-month period have shown a decline of -25.80% year on year, standing at Rs 6.01 crore. This indicates a negative trend in the near term for the company’s sales. Additionally, the operating cash flow for the last three years has been at its lowest, standing at Rs -13.46 crore. This suggests that the company’s cash revenues from business operations are falling.

MarketsMOJO has given a ‘Strong Sell’ call for Shrydus Industries’ stock based on its financial performance. Investors should carefully consider these factors before making any investment decisions.