Epack Durable Reports Positive Growth in Q1 Financial Results, Interest Cost a Concern

Epack Durable, a smallcap company in the air conditioner industry, recently declared its financial results for the quarter ending March 2024. According to the data released on May 29, 2024, the stock call for Epack Durable by MarketsMOJO is 'Hold'.

The company's financials for the quarter show positive growth in key areas. The Profit Before Tax (PBT) has increased by 251.1% to Rs 33.57 crore, compared to the average PBT of the previous four quarters at Rs 9.56 crore. The Profit After Tax (PAT) has also seen a significant growth of 253.5% to Rs 28.25 crore, compared to the average PAT of the previous four quarters at Rs 7.99 crore. The Net Sales for the quarter have grown by 54.1% to Rs 525.70 crore, compared to the average Net Sales of the previous four quarters at Rs 341.22 crore. This indicates a positive trend in the company's near-term performance.

However, there are some areas that need improvement for Epack Durable. The interest cost for the quarter has increased by 16.22% to Rs 11.32 crore, which is the highest in the last five quarters. This signifies an increase in borrowings for the company.

Overall, Epack Durable has shown positive growth in its financials for the quarter ending March 2024. The company's efficiency has improved, and its sales trend is also positive. However, the rising interest cost is a concern and needs to be addressed by the company. Investors are advised to hold their stocks in Epack Durable for now, as per the recommendation by MarketsMOJO.