Quality Enviro Engineers announced its FY24 Financials (Unlisted Shares)

While Quality Enviro Engineers faced a significant revenue decline, the company managed to improve profitability (PAT and EPS) and strengthened its equity base. However, the decrease in assets and revenue may require close monitoring to ensure sustainable long-term performance. * **Revenue Decline:** Total Revenue has declined significantly by **19.4%** to **₹40.2 Cr**. This drop in revenue may be attributed to lower sales and decreased order execution which have contributed to the decline of revenue. * **Profitability & EPS growth:** Despite the revenue decline, **Profit After Tax (PAT)** increased by **11.8%** to ₹2.9 Cr, and **Earnings Per Share (EPS)** rose by **9.2%** to ₹32.8. The improvement in profitability indicates effective COGS controls, improving operational efficiency. * **Mixed Assets and Equity results:** While **Total Assets** declined by **6.8% to ₹32.8 Cr.**, the **Total Equity** increased by **40% to ₹9.8 Cr.** The decline in total assets could be attributed to a significant reduction in total inventory. However, the strong increase in equity suggests retained earnings has strengthened the balance sheet. https://preview.redd.it/gg2ay91gkc7e1.jpg?width=1920&format=pjpg&auto=webp&s=f388dbb28458bda087cc240d6ab85f881c7cae3e