Sri Havisha's Q3 Results Show Positive Growth

Nov 14 2023 12:00 AM IST
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Sri Havisha Hospitality & Infrastructure, a microcap company in the industrial gases and fuels industry, has reported a 13.13% growth in net sales and an 8.96% growth in standalone net profit for the quarter ended September 2023. The company's operating profit has also shown a positive trend, indicating a promising future for the company.
Sri Havisha Hospitality & Infrastructure, a microcap company in the industrial gases and fuels industry, has recently announced its financial results for the quarter ended September 2023. The company's net sales for the quarter showed a growth of 13.13% compared to the previous quarter, which had a decline of -5.37%. Similarly, the standalone net profit also showed a positive growth of 8.96% compared to a significant decline of -272.22% in the previous quarter.

The company's operating profit (PBDIT) excluding other income also showed a growth of 2.74% in the quarter, compared to a staggering growth of 1,316.67% in the previous quarter. However, the interest expenses remained flat in the quarter, showing no growth compared to a significant growth of 1,180.00% in the previous quarter.

Despite a slight decline in the operating profit margin (excluding other income) compared to the previous quarter, Sri Havisha's financial performance has improved from a score of -4 to 1 in the last three months. This indicates that the company is on a positive trajectory.

One of the key factors contributing to this improvement is the company's operating profit (PBDIT), which has been the highest in the last five quarters at Rs 0.75 crore. This also shows a positive trend in the near term for the company's operating profit.

Overall, Sri Havisha's financial results for the quarter ended September 2023 have shown a positive growth, indicating a promising future for the company in the industrial gases and fuels industry.
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