IRB Infrastructure Developers reports strong financial performance in Q4 2023.

IRB Infrastructure Developers, a largecap company in the capital goods industry, has recently declared its financial results for the quarter ending December 2023. The company has shown a positive performance in this quarter, with a score of 9 compared to -11 in the previous quarter.

One of the key factors contributing to this positive performance is the increase in net sales, which have reached a record high of Rs 1,968.54 crore. This is a significant growth compared to the previous four quarters, indicating a strong sales trend in the near term. The operating profit (PBDIT) has also seen a significant increase, reaching Rs 869.47 crore and showing a positive trend in the near term.

The company's profitability has also improved, with a 49.6% growth in profit after tax (PAT) compared to the average of the previous four quarters. This is a positive sign for shareholders, as the company has created higher earnings. The earnings per share (EPS) have also reached a record high of Rs 0.31, indicating an increase in profitability.

However, one area of concern for IRB Infra.Devl. is its non-operating income, which is 44.66% of the profit before tax (PBT). This suggests that the company's income from non-business activities is high, which may not be a sustainable business model.

Overall, IRB Infrastructure Developers has shown a positive financial performance in the quarter ending December 2023. With a 'Hold' call from MarketsMOJO, investors may want to keep an eye on the company's future performance.