Ratnabhumi Developers Reports December 2024 Results Highlighting Sales Growth Amid Profit Decline

Feb 15 2025 12:53 PM IST
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Ratnabhumi Developers has announced its financial results for the quarter ending December 2024, showing a significant increase in net sales to Rs 127.01 crore, reflecting strong year-on-year growth. The company also demonstrated improved receivables management, though it faced challenges with a decline in operating profit during the same period.
Ratnabhumi Developers, a microcap company in the construction and real estate industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a notable shift in the company's evaluation, with its score reflecting an adjustment from the previous period.

The financial data reveals a significant increase in net sales, which reached Rs 127.01 crore, showcasing a remarkable year-on-year growth. This figure surpasses the sales from the preceding twelve-month period, indicating a strong sales trend. Additionally, the company's ability to manage its receivables is highlighted by a debtor turnover ratio of 36.77 times, marking a consistent improvement over the last five half-yearly periods.

However, not all aspects of the financial performance are positive. The operating profit for the quarter has been reported at Rs 3.57 crore, which is the lowest in the last five quarters, suggesting challenges in this area.

Overall, Ratnabhumi Developers' recent financial results reflect a complex landscape of growth in sales and efficiency in receivables management, contrasted by a decline in operating profit.

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