Bajaj Electricals' Q4 Financial Results Show Negative Performance, MarketsMOJO Gives 'Strong Sell' Call

Bajaj Electricals, a midcap company in the consumer durables industry, has recently declared its financial results for the quarter ending March 2024. According to the data, the company has seen a very negative performance in this quarter, with a score of -22, which has improved from -28 in the last three months.

The company's Profit Before Tax (PBT) has fallen by 96.75% Year on Year (YoY) to Rs 1.99 crore, indicating a very negative trend in the near term. Similarly, the Profit After Tax (PAT) has also fallen by 44.3% YoY to Rs 29.31 crore, with a negative trend in the near term. The company's interest cost has increased by 48.26% over the previous half-yearly period, which suggests a rise in borrowings.

In terms of sales, Bajaj Electricals has seen a decline of 8.04% YoY to Rs 1,188.08 crore in the last quarter, with a negative trend in the near term. The company's Operating Profit (PBDIT) has also been at its lowest in the last five quarters, at Rs 49.74 crore, with a negative trend in the near term. The Operating Profit Margin has also decreased to its lowest at 4.19% in the last five quarters, indicating a deterioration in the company's efficiency.

Moreover, the company's Non-Operating Income is 91.86% of its Profit Before Tax (PBT), which suggests that a significant portion of its income is coming from non-business activities, which may not be a sustainable business model.

Based on these financial results, MarketsMOJO has given a 'Strong Sell' call for Bajaj Electricals' stock. Investors should carefully consider these factors before making any investment decisions.