Sita Enterprises Reports Significant Declines in Q3 FY24-25 Financial Metrics

Sita Enterprises, a microcap company operating in the finance and non-banking financial company (NBFC) sector, has recently reported its financial results for the third quarter of FY24-25, which were disclosed on January 14, 2025. The results indicate notable shifts in key financial metrics that warrant attention.
The Profit Before Tax less Other Income (PBT) for the quarter is recorded at Rs -0.83 crore, which reflects a significant year-on-year change. Similarly, the Profit After Tax (PAT) has also shown a marked decline, now standing at Rs -0.81 crore. This trend is mirrored in the Operating Profit (PBDIT), which has reached its lowest level in the past five quarters at Rs -0.83 crore, suggesting challenges in operational performance.

Earnings per Share (EPS) have decreased to Rs -2.70, the lowest observed in five quarters, indicating a shift in profitability and earnings for shareholders. Furthermore, the company’s cash and cash equivalents have fallen to Rs 0.02 crore, the lowest in the last six half-yearly periods, which raises concerns regarding short-term liquidity.

In light of these developments, Sita Enterprises has experienced adjustments in its evaluation, reflecting the challenging financial landscape it currently navigates.

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