Ashiana Housing Reports December 2024 Results Amidst Financial Challenges and Liquidity Improvement

Ashiana Housing, a small-cap player in the construction and real estate industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a challenging period for the company, with notable shifts in its financial metrics.
The company's cash and cash equivalents have reached a high of Rs 305.49 crore over the last six half-yearly periods, suggesting an improvement in short-term liquidity. However, other key financial indicators reflect significant challenges. Net sales for the quarter stood at Rs 133.17 crore, showing a decline of 27.81% year on year. Similarly, profit before tax (PBT) decreased to Rs 13.20 crore, marking a drop of 55.75% year on year, while profit after tax (PAT) fell to Rs 14.53 crore, down 47.7% year on year.

Additionally, the company's non-operating income accounted for 33.87% of PBT, raising concerns about the sustainability of its business model. The debtors turnover ratio has also reached its lowest point in the last five half-yearly periods at 18.80 times, indicating a slowdown in the pace of settling debts.

In light of these developments, Ashiana Housing has experienced an adjustment in its evaluation, with its score reflecting the current financial landscape.

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