CESC's Q1 financials show growth in net sales and PBT, but areas for improvement.

CESC, a largecap power company, has recently declared its financial results for the quarter ending June 2024. According to the latest report, the company has shown a flat performance in this quarter. However, there has been a slight improvement in the overall score, which has increased from -3 to 1 in the last three months.

One of the key highlights of the financials is the increase in net sales, which has reached its highest at Rs 4,863.00 crore in the last five quarters. This shows a positive trend in the near term for the company. Additionally, the net sales have grown by 27.2% over the average net sales of the previous four quarters, which were at Rs 3,823.25 crore.

Another positive aspect is the profit before tax less other income (PBT), which has also reached its highest at Rs 437.00 crore in the last five quarters. This shows a positive trend in the near term for the company. Moreover, the PBT has grown by 22.1% over the average PBT of the previous four quarters, which were at Rs 358.00 crore.

On the other hand, there are some areas where CESC needs to work on, as per the Jun 2024 financials. The operating profit to interest ratio has been the lowest at 1.15 times in the last five quarters, indicating a deteriorating ability to manage interest payments. Additionally, the operating profit margin has also been the lowest at 7.63% in the last five quarters, showing a decline in the company's efficiency.

Overall, CESC has shown a mixed performance in the quarter ending June 2024. While there are some positive trends in terms of net sales and PBT, there are also some areas that need improvement. MarketsMOJO has given a 'Hold' call for the stock, suggesting a neutral stance for investors.