Elpro International's Q1 results show significant growth in sales and profits

Elpro International, a smallcap real estate company, has recently announced its financial results for the quarter ended June 2024. The company has shown a very positive performance in this quarter, with a significant improvement in its financial score from 8 to 28 in just three months.

One of the key highlights of the quarter was the growth in net sales, which stood at Rs 139.31 crore, a 117.2% increase from the average net sales of the previous four quarters. This indicates a strong sales trend in the near term for the company. Similarly, the profit before tax (PBT) also saw a significant growth of 187.6%, reaching Rs 55.38 crore, which is the highest in the last five quarters. The profit after tax (PAT) also showed a positive trend, with a growth of 122.5% from the average PAT of the previous four quarters.

Elpro International has also achieved its highest net sales, operating profit, PBT, and PAT in the last five quarters, indicating a strong financial performance. The company's earnings per share (EPS) also reached its highest at Rs 2.81, showcasing an increase in profitability and creating higher earnings for shareholders.

However, there are some areas that need improvement, as seen in the company's financials. The interest cost has increased by 85.43% from the previous half-yearly period, indicating a rise in borrowings. The debt-equity ratio has also reached its highest in the last five half-yearly periods, which may suggest a stressed liquidity situation for the company.

Overall, Elpro International has shown a positive and impressive financial performance in the quarter ended June 2024. With a 'Buy' call from MarketsMOJO, the company seems to be on the right track for growth and success in the real estate industry.