Greenply Industries reports strong financial performance in Q1 2024, but rising interest cost raises concerns.

This may impact the company's future profitability.
Greenply Industries, a smallcap company in the wood products industry, has recently declared its financial results for the quarter ending March 2024. The company has shown a positive performance in this quarter, with a significant improvement in its financial score from -13 to 14 in the last three months.

One of the key highlights of the financial results is the growth in Profit After Tax (PAT) which has increased by 95.2% year on year, indicating a strong performance in the near term. The Net Sales have also shown a growth of 40.40% year on year, reflecting a positive sales trend for the company. The Profit Before Tax less Other Income (PBT) has also seen a growth of 59.53% year on year, further strengthening the company's financial position.

In terms of operating profit, Greenply Industries has recorded its highest PBDIT (Profit Before Depreciation, Interest, and Taxes) in the last five quarters, indicating a positive trend in the near term. The company has also shown its highest PBT and PAT in the last five quarters, showcasing its increasing profitability and creating higher earnings for its shareholders. The Earnings per Share (EPS) have also reached its highest at Rs 2.29 in the last five quarters.

However, one area of concern for Greenply Industries is the rising interest cost, which has increased by 88.63% over the preceding nine months period. This signifies increased borrowings by the company, which may impact its future profitability.

Overall, Greenply Industries has shown a strong financial performance in the quarter ending March 2024, with positive trends in key financial indicators. MarketsMOJO has given a 'Hold' call for the company's stock, indicating a neutral stance for investors.