EPL Limited Reports Mixed Performance in Q1, Highest Operating Profit and Net Sales

EPL Limited, a midcap company in the plastic products industry, recently announced its financial results for the quarter ending March 2024. The stock call by MarketsMOJO for EPL Limited is 'Hold'.

According to the financials, EPL Limited has seen a flat performance in the quarter, with a score of -2 compared to 6 in the previous quarter. However, there are some positive aspects to the company's performance.

The operating profit (PBDIT) for the quarter was the highest at Rs 190.90 crore and has grown consistently in the last five quarters. This indicates a positive trend in the near term. Similarly, the profit before tax less other income (PBT) was also the highest at Rs 74.70 crore and has shown growth in the last five quarters, indicating a positive trend in the near term.

The net sales for the quarter were also the highest at Rs 1,029.20 crore in the last five quarters, showing a positive trend in the near term. The PBT has also grown at 34.35% year on year, indicating a positive trend in the near term.

However, there are some areas of concern for EPL Limited. The profit after tax (PAT) for the quarter has fallen by -37.8% year on year, showing a very negative trend in the near term. The interest cost has also increased by 46.19% over the preceding nine months period, indicating increased borrowings for the company. The earnings per share (EPS) for the quarter were the lowest at Rs 0.70, showing a decline in profitability and lower earnings for shareholders.

Overall, EPL Limited has shown a mixed performance in the quarter ending March 2024. While there are some positive aspects to the company's financials, there are also some areas of concern that need to be addressed. Investors are advised to hold their position in the stock and keep a close eye on the company's future performance.