Nidhi Granites Reports Strong Q3 FY24-25 Results Amid Debt Collection Challenges

Nidhi Granites, a microcap player in the Mining & Minerals industry, recently announced its financial results for the quarter ending December 2024. The company reported a notable performance for Q3 FY24-25, with its score remaining consistent over the past three months.
The financial highlights indicate a significant growth in Profit After Tax (PAT), which reached Rs 2.04 crore, reflecting a substantial year-on-year increase. This figure surpasses the PAT of Rs 1.35 crore from the previous twelve-month period, showcasing a strong upward trend. Additionally, Nidhi Granites achieved its highest quarterly net sales in the last five quarters, totaling Rs 13.41 crore, which also marks a growth compared to the average net sales of the preceding four quarters.

Operating Profit and Profit Before Tax have also reached their highest levels in the last five quarters, indicating a positive trajectory in these areas. However, the company has experienced a slowdown in its Debtors Turnover Ratio, which is currently at its lowest in the last five half-yearly periods, suggesting challenges in settling debts.

Overall, Nidhi Granites has undergone an adjustment in its evaluation based on these financial results.

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