Thakkers Developers Reports Negative Performance in Q1 FY25
Thakkers Developers, a microcap real estate company, recently declared its financial results for the quarter ending March 2024. According to the report released on August 14, 2024, the company has seen a very negative performance in this quarter, with a score of -31 compared to -21 in the previous quarter.
The net sales for the quarter have fallen by 41.4% to Rs 6.38 crore, which is significantly lower than the average net sales of the previous four quarters at Rs 10.88 crore. This indicates a very negative trend in the company’s sales in the near term. Similarly, the profit before tax less other income (PBT) has also fallen by 263.4% to Rs -2.81 crore, compared to the average PBT of Rs 1.72 crore in the previous four quarters. The profit after tax (PAT) has also seen a decline of 252.7% to Rs -2.26 crore, compared to the average PAT of Rs 1.48 crore in the previous four quarters.
The operating profit (PBDIT) for the quarter is at its lowest at Rs -1.65 crore and has fallen each quarter in the last five quarters, indicating a negative trend in the company’s operating profit. The operating profit margin has also reached its lowest at -25.86% in the last five quarters, showing a decline in the company’s efficiency.
The earnings per share (EPS) for the quarter is at its lowest at Rs -2.51, indicating a declining profitability and lower earnings for shareholders. The company’s cash and cash equivalents for the half-yearly period have also reached its lowest at Rs 2.92 crore, indicating a deteriorating short-term liquidity.
MarketsMOJO has given a ‘Strong Sell’ call for Thakkers Developers based on their financial performance in the quarter ending March 2024. The company’s financials show a very negative trend and it is important for investors to carefully consider their investment decisions.
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