Eveready Industries India Reports Strong Financial Results for Q1 FY25

Eveready Industries India, a leading player in the battery industry, has recently announced its financial results for the quarter ending June 2024. The company has shown a very positive performance in this quarter, with its score improving from 19 to 25 in the last three months.

One of the key highlights of the financial results is the company’s ability to manage its interest payments, with the Operating Profit to Interest ratio being the highest in the last five quarters at 7.07 times. This indicates that Eveready Industries India is improving its financial management and is able to generate higher profits to cover its interest expenses.

Another positive aspect of the financial results is the company’s strong operating cash flow, which has been the highest in the last three years at Rs 153.91 crore. This shows that the company is generating higher revenues from its business operations, which is a good sign for its future growth.

The company’s operating profit (PBDIT) has also been on an upward trend, with the highest recorded in the last five quarters at Rs 49.76 crore. This indicates that the company’s near-term profitability is improving.

Moreover, Eveready Industries India has also shown an improvement in its operating profit margin, with the highest recorded in the last five quarters at 14.24%. This shows that the company’s efficiency has improved, leading to higher profits.

The Profit Before Tax (PBT) less Other Income has also seen a positive trend, with the highest recorded in the last five quarters at Rs 35.19 crore. This represents a growth of 27.45% year on year, indicating a positive outlook for the company’s future profitability.

The company’s Profit After Tax (PAT) has also shown a positive trend, with the highest recorded in the last five quarters at Rs 29.36 crore. This indicates that the company’s near-term profitability is on the rise.

In terms of shareholder value, Eveready Industries India has also performed well, with the highest earnings per share (EPS) recorded in the last five quarters at Rs 4.04. This shows that the company is creating higher earnings for its shareholders.

Furthermore, the company has been reducing its debt as compared to equity capital, with the Debt-Equity Ratio being the lowest in the last five half-yearly periods at 0.79 times. This indicates that the company is managing its debt levels effectively.

Lastly, Eveready Industries India has also been distributing a higher proportion of its profits as dividends, with the Dividend Payout Ratio being the highest in the last five years at 10.89%. This shows that the company is committed to sharing its profits with its shareholders.

Overall, the financial results of Eveready Industries India for the quarter ending June 2024 have been very positive, with the company showing improvements in various key financial metrics. This bodes well for the company’s future growth and profitability, making it a good stock to consider for investment. MarketsMOJO has also given a ‘Buy’ call for the stock, further reinforcing its potential for growth.