JTEKT India's Q1 financial results show positive growth, highest operating cash flow in 3 years

JTEKT India, a midcap company in the auto ancillary industry, has recently declared its financial results for the quarter ended June 2024. The company has shown positive performance in this quarter, with a score of 11 out of 15, as compared to 15 in the previous quarter.

One of the key highlights of the financial results is the growth in Profit Before Tax (PBT) by 56.28% year on year, reaching Rs 15.30 crore. This indicates a very positive trend in the near term for the company. Similarly, the Profit After Tax (PAT) has also shown a growth of 51.0% year on year, reaching Rs 14.88 crore. This trend is expected to continue in the near future.

Another positive aspect of JTEKT India's financials is the highest Operating Cash Flow of Rs 172.48 crore in the last three years. This shows that the company has generated higher cash revenues from its business operations. Additionally, the company has also distributed a higher dividend of Rs 0.60 per share to its shareholders, which is the highest in the last five years.

However, there are some areas that need improvement for JTEKT India. The Earnings per Share (EPS) for this quarter is the lowest in the last five quarters, at Rs 0.59. This indicates a decline in profitability and lower earnings for shareholders. Another concern is the increase in Non-Operating Income, which has reached its highest at Rs 4.76 crore in the last five quarters. This may not be sustainable as it comes from non-business activities.

Overall, JTEKT India has shown positive financial performance in the quarter ended June 2024. However, investors are advised to hold their stocks, as recommended by MarketsMOJO, and keep an eye on the company's future financial results.