Dai-ichi Karkari's Q1 financial report shows mixed performance with positive growth in PAT.

Dai-ichi Karkari, a microcap company in the chemicals industry, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Dai-ichi Karkari has shown a flat performance in the quarter, with a score of 2 compared to -14 in the previous 3 months. However, there are some positive aspects to the company's financials.

One of the highlights is the growth in Profit After Tax (PAT) for the half-yearly period, which has increased by 165.24% year on year. This is a significant improvement and shows a positive trend for the company. Additionally, the PAT for the half-yearly period is higher at Rs 1.52 crore compared to the preceding 12 months, which was at Rs -2.00 crore. This indicates that the company has already surpassed its PAT for the previous 12 months in just half a year.

On the other hand, there are some areas that need improvement for Dai-ichi Karkari. The Debtors Turnover Ratio for the half-yearly period is at its lowest in the last five periods, at 5.86 times. This means that the company's pace of settling its debtors has slowed down.

Overall, Dai-ichi Karkari's financial results for the quarter ending March 2024 show a mixed performance. While there are some positive aspects, there are also areas that need improvement. Investors should carefully consider these factors before making any decisions regarding the company's stock.