Superhouse Ltd Reports December 2024 Results Highlighting Cash Growth Amid Profit Decline

Superhouse Ltd, a microcap player in the leather industry, has recently reported its financial results for the quarter ending December 2024. The evaluation changes reflect a significant shift in the company's financial health, with the score adjusting to -23 from -9 over the past three months.
The financial results indicate that Superhouse Ltd has achieved its highest cash and cash equivalents in the last six half-yearly periods, totaling Rs 81.98 crore, suggesting an improvement in short-term liquidity. However, several metrics reveal challenges for the company. The profit before tax less other income (PBT) has shown a notable decline, recorded at Rs -3.81 crore, which is significantly lower than the average of the previous four quarters. Similarly, profit after tax (PAT) has also decreased to Rs 0.56 crore, marking a substantial drop compared to earlier averages.

Additionally, the operating profit margin has reached its lowest point in five quarters at 2.83%, indicating a decline in operational efficiency. The earnings per share (EPS) have also fallen to Rs 0.52, reflecting reduced profitability for shareholders. The company's reliance on non-operating income, which constitutes a high percentage of PBT, raises concerns about the sustainability of its business model.

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