Cyient DLM's Financial Performance Shows Growth in Q1 2024.
Cyient DLM has shown strong financial performance in the quarter ending Mar 2024, with improved operating profit to interest ratio and significant growth in profit before tax and profit after tax. Net sales and earnings per share have also increased, but interest cost and debt to equity ratio have also risen. MarketsMojo has given a 'Buy' call for the company's stock.
However, the company's ability to manage interest payments has improved.Debt to Equity Ratio - Quarterly: Highest at 0.01 in the last five quarters and Increased by 0.01 (QoQ).The company's debt to equity ratio has increased, indicating higher reliance on debt for financing operations. However, the ratio is still low, indicating a manageable level of debt.Overall, Cyient DLM has shown strong financial performance in the quarter ending Mar 2024. The company's operating profit to interest ratio has improved, indicating better management of interest payments. The profit before tax and profit after tax have also shown significant growth, indicating a positive trend in the company's profitability. The net sales have also increased, showing a positive trend in the company's revenue. The earnings per share have also increased, creating higher earnings for shareholders. However, the company's interest cost and debt to equity ratio have increased, which may be a cause for concern. Despite this, MarketsMOJO has given a 'Buy' call for Cyient DLM's stock, indicating a positive outlook for the company's future. With its strong financial performance, Cyient DLM is poised for growth in the electronics components industry.
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