Shalby Reports Mixed Financial Results Amidst Sales Growth and Rising Interest Expenses

Shalby, a small-cap player in the Hospital & Healthcare Services industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a complex landscape for the company, with notable shifts in its financial metrics.
On a positive note, Shalby has achieved a year-on-year growth in net sales, reaching Rs 275.63 crore, reflecting a 27.58% increase. This suggests a favorable near-term sales trend. However, the company faces significant challenges as evidenced by its operating profit to interest ratio, which has reached its lowest point at 3.18 times, indicating a decline in its ability to manage interest payments effectively.

Additionally, the profit before tax has shown a substantial year-on-year decline of 73.64%, while profit after tax has fallen to Rs -1.81 crore, marking a significant downturn. The inventory turnover ratio has also decreased, suggesting a slowdown in the pace of selling inventory. Furthermore, the company has recorded its highest interest expenses in the last five quarters, signaling increased borrowings.

Overall, Shalby is experiencing a revision in its evaluation, reflecting the mixed performance across various financial metrics.

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