Thakkers Developers Reports Decline in Q3 Results

Thakkers Developers, a microcap real estate company, recently announced its financial results for the quarter ended September 2023. The company's net sales for the quarter saw a decline of 12.57% compared to the previous quarter, while its consolidated net profit also decreased by 89.80%. The operating profit (PBDIT) excluding other income also saw a decline of 40.37% in the same period.

The company's interest expenses also decreased by 12% in the quarter, compared to no change in the previous quarter. However, the operating profit margin (excluding other income) saw a decline from the previous quarter.

According to MarketsMOJO, a leading stock analysis platform, the stock call for Thakkers Developers is 'Sell'. The company's financial performance for the quarter has been negative, with a score of -14, which has improved from -16 in the last 3 months.

The financials for the quarter highlight some areas that are not working for Thakkers Developers. The net sales for the quarter have fallen by 39.1% compared to the average net sales of the previous four quarters. The profit after tax (PAT) for the nine-month period has also seen a decline of 70.94% year on year. The company's operating cash flow has also been consistently falling in the last three years.

The company's net sales, operating profit, and profit before tax (PBT) have all been at their lowest in the last five quarters, indicating a negative trend in the near term. The earnings per share (EPS) have also decreased, showing a decline in profitability and lower earnings for shareholders.

Overall, Thakkers Developers has seen a negative financial performance in the quarter ended September 2023. Investors should carefully consider these factors before making any investment decisions.