Avadh Sugar & Energy Reports Positive Growth
Avadh Sugar & Energy, a smallcap company in the sugar industry, has reported a strong financial performance in the quarter ended September 2023. The company's net sales and standalone net profit have seen significant growth of 16.93% and 30.22% respectively. However, the company's interest cost has increased, but its debt-equity ratio has improved.
Avadh Sugar & Energy, a smallcap company in the sugar industry, has recently declared its financial results for the quarter ended September 2023. The company has shown a positive performance in this quarter, with a growth of 16.93% in net sales compared to the previous quarter. The standalone net profit has also seen a significant increase of 30.22% in this quarter.
According to MarketsMOJO, a leading financial analysis platform, the stock call for Avadh Sugar is 'Hold'. This is based on the company's financial performance in the last quarter and its overall score has improved from 0 to 15 in the last 3 months.
Some key highlights from the quarterly analysis of Avadh Sugar's financials include a 243.48% growth in Profit Before Tax (PBT) and a 277.3% growth in Profit After Tax (PAT) compared to the same quarter last year. The company has also shown a positive trend in net sales, with a growth of 35.37% year on year.
On the other hand, the company's interest cost has seen a rise of 58.21% in the last half yearly period, indicating increased borrowings. However, the company's debt-equity ratio has improved, with the lowest ratio of 0.68 in the last five half yearly periods.
Overall, Avadh Sugar & Energy has shown a positive financial performance in the quarter ended September 2023. Investors may want to keep an eye on the company's interest cost and debt-equity ratio in the coming quarters.
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