Standard Industries Reports Significant Sales Growth Amid Ongoing Profitability Challenges for Q4 2024
Standard Industries has reported its financial results for the quarter ending December 2024, showcasing significant growth in net sales, which reached Rs 7.72 crore. However, challenges remain, as profit after tax declined sharply to Rs -5.62 crore, and cash reserves fell to Rs 2.57 crore, raising liquidity concerns.
Standard Industries, a microcap player in the trading industry, has recently reported its financial results for the quarter ending December 2024. The evaluation changes reflect a notable shift, with the score moving to 0 from -6 over the past three months.The financial data reveals several positive trends for Standard Industries. Net sales reached Rs 7.72 crore, marking a significant growth of 62.4% compared to the average net sales of the previous four quarters, which stood at Rs 4.76 crore. This figure represents the highest net sales recorded in the last five quarters, indicating a favorable near-term sales trend. Additionally, the operating profit (PBDIT) also peaked at Rs -1.97 crore, the highest in the same timeframe, suggesting an improvement in the company's operational efficiency.
Conversely, some challenges persist. The profit after tax (PAT) reported at Rs -5.62 crore reflects a substantial decline of 673.5% compared to the average PAT of Rs 0.98 crore from the previous four quarters. Furthermore, earnings per share (EPS) fell to Rs -0.87, the lowest in five quarters, indicating a decline in profitability. The cash and cash equivalents also reached a low of Rs 2.57 crore, highlighting concerns regarding short-term liquidity.
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