Sai Silks Reports Strong Q3 FY24-25 Performance Amid Declining Institutional Interest

Feb 08 2025 09:05 AM IST
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Sai Silks (Kalamandir) has recently experienced an evaluation adjustment, reflecting its strong financial performance in Q3 FY24-25. The company reported significant growth in net sales and operating profit, alongside a notable return on equity. However, there are concerns regarding a slight decline in institutional investor participation.
Sai Silks (Kalamandir), a small-cap player in the retailing industry, has recently undergone an adjustment in evaluation, reflecting a nuanced perspective on its financial standing. The company reported a positive financial performance for the third quarter of FY24-25, showcasing a robust management efficiency with a return on equity (ROE) of 8.06%.

Key metrics indicate a healthy trajectory, with net sales growing at an annual rate of 26.60% and operating profit soaring by 70.85%. The latest results for December 2024 highlight significant achievements, including the highest operating profit to interest ratio at 8.21 times and net sales reaching Rs 448.56 crore. Additionally, the company recorded its highest PBDIT at Rs 78.91 crore.

Despite these positive indicators, there are considerations regarding institutional investor participation, which has seen a slight decline. Currently, institutional investors hold 18.67% of the company, reflecting a decrease of 0.78% over the previous quarter.

Overall, the evaluation adjustment for Sai Silks (Kalamandir) underscores its strong operational metrics while also acknowledging the challenges posed by fluctuating institutional interest.

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