Equinox India Developments Reports Strong Q3 Growth Amid Long-Term Financial Challenges

Equinox India Developments, a midcap player in the construction and real estate sector, has recently undergone an adjustment in evaluation. This revision reflects the company's financial performance during the third quarter of FY24-25, where it reported a notable growth in net sales of 13.23%. The company declared positive results for the last two consecutive quarters, with a profit after tax of Rs 22.17 crore, showcasing a significant growth rate of 125.7%.
Additionally, net sales reached Rs 278.50 crore, marking a growth of 47.6%. The operating profit to interest ratio stood at its highest at 0.59 times, indicating a favorable position in managing its financial obligations.

Despite these positive indicators, the company faces challenges with long-term fundamental strength, evidenced by a -180.71% CAGR growth in operating profits over the past five years. Furthermore, the average EBIT to interest ratio of -17.74 suggests difficulties in servicing its debt.

Equinox India Developments has also demonstrated high institutional holdings at 35.17%, reflecting a robust interest from investors with the capacity to analyze company fundamentals effectively.

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