CG Power & Industrial Solutions reports mixed results for Q4 2023
CG Power & Industrial Solutions, a largecap company in the capital goods industry, recently announced its financial results for the quarter ending December 2023. According to the latest update, the stock call for CG Power & Indu. is 'Hold' by MarketsMOJO.
The company's financial performance for the quarter has remained flat, with a score of 4 compared to 16 in the previous 3 months. However, there are some positive aspects to the financials of CG Power & Indu. based on the December 2023 results.
The company's Profit After Tax (PAT) for the quarter has shown a significant growth of 49.7% at Rs 337.83 crore, compared to the average PAT of the previous four quarters at Rs 225.74 crore. This indicates a positive trend in the near term for the company's profitability. Additionally, the company's PAT for the quarter is the highest in the last five quarters, further highlighting its positive performance.
The Earnings per Share (EPS) for the quarter is also at its highest in the last five quarters at Rs 4.89, indicating an increase in profitability and higher earnings for shareholders.
However, there are some areas of concern for CG Power & Indu. based on the December 2023 financials. The Profit Before Tax less Other Income (PBT) for the quarter has fallen by -243.6% at Rs -314.65 crore, compared to the average PBT of the previous four quarters at Rs 219.19 crore. This shows a negative trend in the near term for the company's PBT.
The Operating Profit (PBDIT) for the quarter is also at its lowest in the last five quarters at Rs 260.74 crore, indicating a negative trend in the near term for the company's operating profit. The Operating Profit Margin for the quarter is also at its lowest in the last five quarters at 13.18%, indicating a deterioration in the company's efficiency.
In conclusion, while CG Power & Industrial Solutions has shown some positive aspects in its financial results for the quarter ending December 2023, there are also some areas of concern that need to be addressed. Investors are advised to hold their position in the company's stock, as recommended by MarketsMOJO.
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