Andhra Cements Shows Positive Performance in Q1 FY25, But Receives 'Strong Sell' Rating from MarketsMOJO
Andhra Cements, a microcap company in the cement industry, has recently announced its financial results for the quarter ending June 2024. The company has shown positive performance in this quarter, with its score improving from 5 to 7 in the last 3 months.
One of the key factors contributing to this positive performance is the company’s net sales, which have grown by an impressive 380.23% year on year, reaching Rs 63.39 crore. This indicates a very positive sales trend in the near term for Andhra Cements.
However, there are some areas where the company needs to improve. The operating cash flow for the company has been consistently falling over the last three years, with the latest figure being the lowest at Rs -26.72 crore. This indicates a decline in the company’s cash revenues from business operations.
Moreover, the company’s profit before tax less other income (PBT) for the quarter has also shown a negative trend, with the latest figure being the lowest at Rs -40.64 crore. This is a decrease of 7.00% year on year, indicating a negative near term trend for PBT.
Based on these financials, MarketsMOJO has given a ‘Strong Sell’ call for Andhra Cements’ stock. It is important for investors to carefully consider these financials before making any investment decisions.
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