Jindal Photo's Q1 financial report shows growth, but concerns remain

Jindal Photo, a microcap company in the miscellaneous industry, has recently declared its financial results for the quarter ending March 2024. The stock call for the company by MarketsMOJO is 'Hold'.

According to the financial report, Jindal Photo has shown positive performance in the quarter, with a score of 10, compared to 35 in the previous quarter. The company's net sales for the half-yearly period have grown by 138.27% year on year, with a total of Rs 19.61 crore. This is a significant increase from the previous year's sales of Rs 9.11 crore. The company has also managed to reduce its debt-equity ratio to 0.02 times, indicating a decrease in borrowing compared to equity capital.

However, there are some areas that need improvement for Jindal Photo. The interest cost for the nine-month period has increased by 134.74%, indicating a rise in borrowings. The company's profit before tax (PBT) and profit after tax (PAT) for the quarter have both fallen by 28.6% compared to the average of the previous four quarters. The operating profit to interest ratio is also at its lowest in the last five quarters, indicating a decline in the company's ability to manage interest payments.

Overall, Jindal Photo has shown positive growth in its net sales, but there are some concerns regarding its interest cost and profitability. Investors are advised to hold their stocks for now, as the company works towards improving its financial performance.