CESC's Q4 2024 Financial Results Show Flat Performance, Hold Call by MarketsMOJO
CESC, a midcap power company, recently declared its financial results for the quarter ending March 2024. According to the data released on May 23, 2024, the company's stock has been given a 'Hold' call by MarketsMOJO.
The financial performance of CESC for the quarter has remained flat, with a slight improvement in its score from -12 to -2 in the last three months. However, there are some areas that have not been performing well for the company, as per the Mar 2024 financials.
One of the key areas of concern is the net sales, which have fallen by 9.7% to Rs 3,387.00 crore compared to the average net sales of the previous four quarters, which stood at Rs 3,752.00 crore. This indicates a negative trend in the near term for the company's sales.
Similarly, the profit before tax less other income (PBT) has also seen a decline of 9.5% to Rs 346.00 crore compared to the average PBT of the previous four quarters, which was Rs 382.50 crore. This also suggests a negative trend in the near term for the company's PBT.
Overall, the financial results for the quarter ending March 2024 have not been very positive for CESC. However, the company remains optimistic about its future performance and is working towards improving its financials in the coming quarters. Investors are advised to hold their positions in the company's stock for now, as per the recommendation by MarketsMOJO.
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