Jagran Prakashan's Q1 financials show mixed results, with concerns over sales and non-operating income.

Jagran Prakashan, a smallcap company in the printing and publishing industry, recently announced its financial results for the quarter ending June 2024. According to the report, the company's performance has remained flat with a score of -2, a decrease from 0 in the last three months.

Despite this, there are some positive aspects to the company's financials. For instance, Jagran Prakashan has maintained a low debt-equity ratio of 0.13 times in the last five half-yearly periods, indicating a reduction in borrowing compared to equity capital.

However, there are also some concerning factors in the company's financials. The net sales for the quarter were at their lowest in the last five quarters, standing at Rs 444.12 crore. This suggests a negative trend in the company's sales in the near term. Additionally, the profit after tax (PAT) for the quarter has fallen by 7.8% year on year, standing at Rs 41.17 crore. This also indicates a negative trend in the company's PAT in the near term.

Another concerning aspect is the non-operating income, which accounts for 40.17% 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.

Based on these financials, MarketsMOJO has given a 'Sell' call for Jagran Prakashan's stock. Investors should carefully consider these factors before making any investment decisions.