Prithvi Exchange Reports December 2024 Results Highlighting Liquidity Gains Amid Operational Challenges

Prithvi Exchange, a microcap player in the trading industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a significant shift in the company's financial standing, with a notable adjustment in its evaluation score, which has moved to a lower position compared to the previous three months.
On a positive note, Prithvi Exchange has achieved its highest cash and cash equivalents in the last six half-yearly periods, totaling Rs 26.34 crore, suggesting an improvement in short-term liquidity. However, several key metrics reveal challenges for the company. Net sales for the quarter have reached Rs 716.40 crore, marking a decline when compared to the average of the previous four quarters. Additionally, profit before tax less other income has also seen a substantial reduction, falling to Rs 0.66 crore, while profit after tax has decreased to Rs 0.99 crore.

The operating profit and operating profit margin have both hit their lowest points in the last five quarters, indicating a decline in operational efficiency. Furthermore, the earnings per share have also reached a low of Rs 1.20, reflecting a decrease in profitability for shareholders. The debtor turnover ratio has slowed, suggesting challenges in the company's ability to manage its receivables effectively.

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