Gokaldas Exports' Q4 financials show mixed results, with positive sales but concerning factors

Gokaldas Exports, a midcap textile company, has recently declared its financial results for the quarter ended March 2024. The company has seen a negative financial performance with a score of -10, a significant decrease from the previous quarter's score of 1.

Despite this, there are some positive aspects to Gokaldas Exports' financials. The company's net sales for the quarter have grown by 55.34% year on year, reaching Rs 812.42 crore. This is the highest net sales in the last five quarters, indicating a positive sales trend in the near term. Additionally, the company's operating profit (PBDIT) for the quarter is also at its highest in the last five quarters, at Rs 84.47 crore.

However, there are also some concerning factors in Gokaldas Exports' financials. The interest cost for the quarter has increased by 259.89% quarter on quarter, indicating a rise in borrowings. The company's ability to manage interest payments has also decreased, with the operating profit to interest ratio at its lowest in the last five quarters. Furthermore, the profit before tax (PBT) has fallen by -14.36% year on year, and the profit after tax (PAT) has also seen a negative trend.

MarketsMOJO has given a 'Hold' call for Gokaldas Exports' stock, taking into consideration the company's financial performance for the quarter ended March 2024. Investors should closely monitor the company's financials and future developments before making any investment decisions.