Dynamatic Technologies Reports Mixed Performance in Q1, Net Sales and EPS Show Positive Growth
Dynamatic Technologies, a midcap company in the defence industry, reported a flat performance in the last quarter with a score of -4. However, net sales and EPS were the highest in the last five quarters, indicating a positive trend. Concerns include a low operating profit to interest ratio and a decline in PAT. Investors should carefully evaluate before investing.
Dynamatic Technologies, a midcap company in the defence 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, Dynamatic Tech. has seen a flat performance in the last quarter, with a score of -4 compared to 13 in the previous 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 370.41 crore, indicating a positive trend in sales. The earnings per share (EPS) for the quarter were also the highest in the last five quarters at Rs 84.11, showing an increase in profitability and higher earnings for shareholders.
On the other hand, there are some areas of concern for Dynamatic Tech. The operating profit to interest ratio for the quarter was the lowest in the last five quarters at 2.45 times, indicating a deteriorating ability to manage interest payments. The profit after tax (PAT) for the quarter has fallen by 18.8% compared to the average PAT of the previous four quarters, and the near term trend for PAT is negative. Additionally, the non-operating income for the quarter was 41.71% of the profit before tax, which suggests that the company's income from non-business activities is high and not sustainable in the long run.
Overall, Dynamatic Technologies has shown a mixed performance in the last quarter, with some positive and negative aspects. Investors should carefully consider these factors before making any decisions regarding the company's stock.
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