Dwarikesh Sugar Industries' Q1 Financial Results Show Mixed Trends, Investors Beware
Dwarikesh Sugar Industries, a smallcap company in the sugar industry, recently declared its financial results for the quarter ending June 2024. According to MarketsMOJO, a leading stock analysis platform, the stock call for Dwarikesh Sugar is 'Sell'.
The company has seen a negative financial performance in the quarter, with a score of -19 compared to -6 in the previous quarter. However, there are some positive aspects to the financials. The Profit Before Tax less Other Income (PBT) for the quarter has grown by 46.7% to Rs 53.68 crore, compared to the average PBT of the previous four quarters which was Rs 36.58 crore. This indicates a very positive trend in the near term.
On the other hand, the Net Sales for the quarter have fallen by -18.4% to Rs 379.94 crore, compared to the average Net Sales of the previous four quarters which was Rs 465.54 crore. This shows a very negative trend in the near term. The Interest cost for the quarter has also increased by 61.03% to Rs 6.86 crore, which signifies increased borrowings.
The Profit After Tax (PAT) for the quarter has fallen by -14.7% to Rs 22.89 crore, compared to the average PAT of the previous four quarters which was Rs 26.85 crore. The Interest cost for the quarter is also the highest in the last five quarters, increasing by 61.03% (QoQ). This again indicates increased borrowings for the company.
Overall, the financial results for the quarter ending June 2024 for Dwarikesh Sugar Industries show a mix of positive and negative trends. Investors should carefully consider these factors before making any investment decisions.
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