Anirit Ventures Reports Significant Decline in Financial Performance for December 2024
Anirit Ventures has announced its financial results for the quarter ending December 2024, revealing a decline in operating profit and profit before tax, both at Rs -0.17 crore. Earnings per share have decreased to Rs -0.28, and cash and cash equivalents have fallen to Rs 0.00 crore, indicating liquidity challenges.
Anirit Ventures, a microcap company in the textile industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a notable shift in the company's financial standing, with an adjustment in its evaluation reflecting a score change from 2 to -2 over the past three months.The operating profit for the quarter has reached its lowest point in the last five quarters, recorded at Rs -0.17 crore. This trend is mirrored in the profit before tax, which also stands at Rs -0.17 crore, marking a similar decline. Additionally, earnings per share have fallen to Rs -0.28, indicating a reduction in profitability and lower earnings for shareholders. Furthermore, the company’s cash and cash equivalents have dropped to Rs 0.00 crore, highlighting a concerning trend in short-term liquidity.
These financial results suggest that Anirit Ventures is facing significant challenges in its operational performance and liquidity position.
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