Deccan Gold Mines Reports Mixed Performance in Q1, PAT Sees Significant Growth.

Deccan Gold Mines, a smallcap company in the mining and minerals industry, 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, Deccan Gold Mines has shown a flat performance in the quarter, with a score of 2 compared to -9 in the previous 3 months. However, there are some positive aspects to the company's financials.

The Profit After Tax (PAT) for the quarter has seen a significant growth of 13258.6% year on year, reaching Rs 38.16 crore. This is the highest PAT in the last five quarters, indicating a positive trend in the near term. The Earnings per Share (EPS) for the quarter also reached its highest at Rs 2.58, showing an increase in profitability and creating higher earnings for shareholders.

On the other hand, the Profit Before Tax less Other Income (PBT) for the quarter has fallen by -2255.17% year on year, reaching Rs -6.83 crore. This is a negative trend in the near term. Additionally, the Debtors Turnover Ratio for the half-yearly period has reached its lowest at 0.00 times, indicating a slowdown in the company's pace of settling its debtors.

Overall, Deccan Gold Mines has shown a mixed performance in the quarter, with some positive and negative aspects. Investors should carefully consider these factors before making any decisions regarding the company's stock.