Thakkers Developers Reports December 2024 Results Amidst Sales Growth and Liquidity Concerns
Thakkers Developers, a microcap player in the construction and real estate industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a notable shift in the company's evaluation, with the score adjusting to 9 from 17 over the past three months.The financial performance for the half-yearly period shows net sales reaching Rs 21.31 crore, reflecting a year-on-year growth of 50.49%. This positive sales trend suggests a robust demand for the company's offerings in the near term.
However, the results also highlight some challenges. The profit after tax (PAT) for the quarter stands at Rs 0.13 crore, which represents a significant decline compared to the average PAT of Rs 0.27 crore over the previous four quarters. Additionally, the company's cash and cash equivalents have reached their lowest point in the last six half-yearly periods at Rs 2.65 crore, indicating a concerning trend in short-term liquidity.
Furthermore, the reliance on non-operating income, which constitutes 525% of profit before tax, raises questions about the sustainability of the business model. The highest recorded non-operating income of Rs 1.26 crore in the last five quarters further emphasizes this concern.
Overall, Thakkers Developers is navigating a complex financial landscape, with both positive sales growth and significant challenges impacting its evaluation.
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