Devyani International's Q4 financial results show mixed trends for investors.

Devyani International, a midcap company in the lifestyle industry, has recently announced its financial results for the quarter ending March 2024. The company has received a 'Strong Sell' stock call from MarketsMOJO.

According to the financial report, Devyani International has seen a negative performance in the quarter, with a score of -13, which has improved from -22 in the last three months. However, there are some positive aspects to the company's financials.

The net sales for the quarter were the highest in the last five quarters at Rs 1,047.08 crore, showing a positive trend in the near term. The net sales have also grown by 28.3% over the average net sales of the previous four quarters, indicating a positive trend in the near term.

On the other hand, there are some areas that are not working in favor of Devyani International. The profit before tax less other income (PBT) for the quarter has fallen by -135.6% over the average PBT of the previous four quarters. The profit after tax (PAT) for the half-yearly period has also shown a decline of -68.46% year on year. The interest cost has also increased, indicating a rise in borrowings.

The company's non-operating income is 334.02% of the PBT, which suggests that the company's income from non-business activities is high and may not be a sustainable business model. The earnings per share (EPS) for the quarter are also at its lowest in the last five quarters, showing a decline in profitability and lower earnings for shareholders.

It is worth noting that the company's non-operating income for the quarter was the highest in the last five quarters, which may not be sustainable in the long run. Overall, the financial results for the quarter ending March 2024 for Devyani International show a mix of positive and negative trends, and investors may want to carefully consider these factors before making any investment decisions.