Birla Cable's Q4 2024 Financial Results Show Significant Decline in Sales and Profitability

Birla Cable, a microcap company in the cable industry, recently declared its financial results for the quarter ending March 2024. According to the report, the company's net sales have fallen by 28.77% year on year, with a quarterly net sales of Rs 174.72 crore. This is a significant decrease from the previous quarter, indicating a very negative sales trend in the near term.

The company's operating profit to interest ratio has also been consistently declining in the last five quarters, reaching its lowest point at 1.83 times. This suggests that Birla Cable's ability to manage interest payments is deteriorating.

Furthermore, the company's profit before tax less other income has fallen by 96.94% year on year, with a quarterly PBT of Rs 0.49 crore. The profit after tax has also seen a significant decline of 87.5% year on year, with a quarterly PAT of Rs 1.59 crore. This trend has been consistent in the last five quarters, indicating a very negative near term trend for the company's profitability.

In addition, Birla Cable's operating profit margin has reached its lowest point at 4.12% in the last five quarters, indicating a decline in efficiency. The company's non-operating income is also high, accounting for 77.21% of its profit before tax. This suggests that the company's income from non-business activities is not sustainable in the long run.

Overall, Birla Cable's financial performance for the quarter ending March 2024 has been very negative. As a result, MarketsMOJO has given a 'Sell' call for the company's stock. Investors should carefully consider these financials before making any investment decisions.