DCM Shriram Industries' Q1 results show mixed performance, PAT up 41.64% year on year.

DCM Shriram Industries, a smallcap company in the sugar industry, recently declared its financial results for the quarter ended June 2024. According to MarketsMOJO, a leading financial analysis platform, the stock call for DCM Shriram Industries is 'Hold'.

The company's financial performance for the quarter has remained flat, with a score of 1 compared to 14 in the previous 3 months. However, there are some positive aspects to the company's financials. The Profit After Tax (PAT) for the nine-month period has grown by 41.64% year on year, indicating a strong trend in the near term. Additionally, the PAT for the nine-month period is higher at Rs 99.05 crore compared to the preceding 12-month period ended June 2024.

On the other hand, there are some areas of concern for DCM Shriram Industries. The interest cost for the half-yearly period has increased by 31.85% compared to the previous half-yearly period, indicating a rise in borrowings. The Debtors Turnover Ratio for the half-yearly period is also at its lowest in the last five periods, indicating a slower pace in settling debts.

Overall, DCM Shriram Industries has shown a mixed performance in the quarter ended June 2024. Investors are advised to hold their positions in the stock, as per MarketsMOJO's recommendation.