Shelter Infra Projects Reports Mixed Q3 Results

Shelter Infra Projects, a microcap company in the capital goods industry, recently announced its financial results for the quarter ended September 2023. The company's net sales for the quarter remained flat, with a 0.00% growth compared to the previous quarter. However, the standalone net profit saw a significant decline of 100.00% in the same period.

According to MarketsMOJO, a leading financial analysis platform, the stock call for Shelter Infra is currently 'Sell'. The company's operating profit (PBDIT) excluding other income also saw a decline of 300.00% in the quarter, compared to a growth of 106.06% in the previous quarter. Additionally, the operating profit margin (excluding other income) also fell in the quarter.

Despite the flat financial performance, Shelter Infra has shown improvement in its overall score, which has increased from 0 to 3 in the last three months. The company's profit after tax (PAT) for the half-yearly period was higher at Rs 0.02 crore compared to the preceding 12-month period, which ended in September 2023 with a PAT of Rs -0.37 crore. This indicates a positive trend for the company.

On the other hand, Shelter Infra's debtors turnover ratio for the half-yearly period was the lowest in the last five periods, at 0.10 times. This suggests that the company's pace of settling its debtors has slowed down.

Overall, Shelter Infra has shown a mixed performance in the quarter ended September 2023. While there are some positive indicators such as higher PAT and operating cash flow, there are also areas of concern such as the decline in net profit and debtors turnover ratio. Investors are advised to carefully analyze the company's financials before making any investment decisions.