Thakkers Developers' Q4 Financial Results Show Significant Decline in Sales and Profitability
Thakkers Developers, a microcap real estate company, recently announced its financial results for the quarter ending March 2024. According to the report, the company's performance has been very negative, with a score of -30 compared to -21 in the previous quarter.
The net sales for the quarter were at Rs 6.38 crore, which is a significant decrease of 41.4% compared to the average net sales of the previous four quarters, which stood at Rs 10.88 crore. This indicates a very negative trend in the company's sales.
The profit before tax less other income (PBT) for the quarter was at Rs -2.81 crore, a decrease of 263.4% compared to the average PBT of the previous four quarters, which was Rs 1.72 crore. This shows a very negative trend in the company's profitability.
Similarly, the profit after tax (PAT) for the quarter was at Rs -2.26 crore, a decrease of 252.7% compared to the average PAT of the previous four quarters, which was Rs 1.48 crore. The operating profit (PBDIT) for the quarter was also at its lowest at Rs -1.65 crore, with a decline in each of the last five quarters. This indicates a very negative trend in the company's operating profit.
The operating profit margin for the quarter was also at its lowest at -25.86%, showing a decline in the company's efficiency. The earnings per share (EPS) for the quarter were at its lowest at Rs -2.51, indicating a decline in profitability and lower earnings for shareholders.
The debtors turnover ratio for the half-yearly period was also at its lowest at 6.17 times, showing a slowdown in the company's pace of settling its debtors.
Overall, Thakkers Developers has seen a decline in its financial performance for the quarter ending March 2024. The company's sales, profitability, and efficiency have all deteriorated, leading to a negative outlook for the near future. Based on these financial results, MarketsMOJO has given a 'Sell' call for Thakkers Developers' stock.
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