Everest Industries Reports Positive Financial Performance in Q1 FY25

Everest Industries, a smallcap company in the construction material industry, has recently declared its financial results for the quarter ending June 2024. According to the latest report, the company has shown a flat performance in this quarter. However, there are some positive aspects to take note of.

One of the key highlights is the growth in Profit Before Tax less Other Income (PBT) which has increased by 41.62% year on year. This is a significant improvement from the previous quarter where the score was at -8. The company’s near term PBT trend is also very positive.

Another positive aspect is the company’s Operating Cash Flow, which has been the highest in the last three years at Rs 182.50 crore. This indicates that the company has generated higher cash revenues from its business operations.

In terms of sales, Everest Industries has also shown a positive trend with the net sales for this quarter being the highest in the last five quarters at Rs 522.34 crore. The company’s near term sales trend is also positive.

The Operating Profit (PBDIT) for this quarter has also been the highest in the last five quarters at Rs 26.85 crore. This indicates a positive trend in the company’s operating profit. The Operating Profit Margin has also seen an improvement, reaching its highest at 5.14% in the last five quarters, indicating an increase in the company’s efficiency.

Overall, Everest Industries has shown a positive trend in its financial performance for the quarter ending June 2024. The company’s near term PBT and PAT trends are also positive, with the latter being the highest in the last five quarters at Rs 13.19 crore. Based on these financials, MarketsMOJO has given a ‘Sell’ call for the company’s stock.