Annvrridhhi Ventures Reports 24,080% Sales Growth Amid Liquidity Challenges for Q2 FY2024

Jan 11 2025 12:45 PM IST
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Annvrridhhi Ventures has announced its financial results for the quarter ending December 2024, revealing substantial year-on-year growth in net sales and a return to profitability after a prior loss. However, the company faces liquidity challenges, with cash reserves significantly reduced over recent periods.
Annvrridhhi Ventures, a microcap company operating in the finance and non-banking financial company (NBFC) sector, has released its financial results for the quarter ending December 2024, with the announcement made on January 10, 2025. The results highlight a significant shift in the company's financial landscape.

For the half-year period, Annvrridhhi Ventures reported net sales of Rs 36.27 crore, showcasing a remarkable year-on-year growth of 24,080%. This performance surpasses the previous twelve-month sales of Rs 17.85 crore, indicating a strong upward trajectory in sales activity. Furthermore, the company's profit after tax (PAT) for the half year is recorded at Rs 0.31 crore, marking a recovery from a loss of Rs 2.14 crore in the prior twelve months.

However, the company is navigating challenges related to its liquidity position. Cash and cash equivalents have fallen to Rs 0.02 crore over the last six half-year periods, suggesting a tightening in short-term liquidity. In light of these developments, there has been an adjustment in evaluation, with the overall financial score for Annvrridhhi Ventures reflecting a revision to 8 from 6 in the last three months.

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