Shri Krishna Devcon Reports Strong Financial Growth

Shri Krishna Devcon, a microcap real estate company, has recently announced its financial results for the quarter ended September 2023. The company's net sales have shown a significant growth of 28.37% compared to the previous quarter, while its consolidated net profit has also increased by 46.76%. This positive trend is reflected in the company's operating profit (PBDIT) excluding other income, which has grown by 48.57% in the same period.

The company's interest expenses have also seen a growth of 5.19%, indicating a steady financial position. Moreover, Shri Krishna's operating profit margin (excluding other income) has improved from the previous quarter, showcasing the company's efficiency.

According to MarketsMOJO, a leading financial analysis platform, the stock call for Shri Krishna is 'Hold'. This is based on the company's very positive financial performance in the quarter, with a score of 29 out of 100, an improvement from the previous score of 23.

The company's half-yearly net sales have grown by 123.91% year on year, while its profit after tax (PAT) has shown a staggering growth of 569.86%. Shri Krishna has also generated higher cash revenues from its business operations, with an annual operating cash flow of Rs 12.87 crore.

In terms of profitability, the company's quarterly profit before tax (PBT) has grown by 52.1% compared to the average PBT of the previous four quarters. Additionally, Shri Krishna has been able to sell its inventory faster, with the highest inventory turnover ratio of 0.29 times in the last five half-yearly periods.

The company has also shown a strong ability to settle its debtors, with the highest debtors turnover ratio of 6.87 times in the last five half-yearly periods. This reflects positively on the company's financial management.

Overall, Shri Krishna Devcon's financial results for the quarter ended September 2023 have been very positive, with improvements in key financial indicators. With a 'Hold' stock call from MarketsMOJO, the company's performance is expected to continue on a positive trajectory.