KDDL Ltd reports impressive financial results for Q1 FY25, with strong growth in PBT and PAT.

KDDL Ltd, a smallcap company in the miscellaneous industry, has recently declared its financial results for the quarter ended June 2024. The company has shown positive performance in terms of profit before tax (PBT) and profit after tax (PAT), with a growth of 66.45% and 58.3% respectively compared to the same quarter last year.

The PBT for the quarter was recorded at Rs 37.65 crore, while the PAT stood at Rs 25.57 crore. This growth can be attributed to the company’s strong sales performance, with net sales of Rs 1,059.51 crore for the nine-month period, showing a growth of 21.48% compared to the previous year.

However, KDDL Ltd also saw an increase in non-operating income, which reached its highest in the last five quarters at Rs 9.32 crore. This may not be sustainable as it is derived from non-business activities.

MarketsMOJO has given a ‘Hold’ call for KDDL Ltd’s stock, indicating a neutral stance. The company’s score has fallen from 19 to 12 in the last three months, but the near-term trend for PBT and PAT remains positive.

Overall, KDDL Ltd has shown a positive financial performance for the quarter ended June 2024, with a strong growth in PBT and PAT. However, the company’s non-operating income may not be sustainable, and the stock has a ‘Hold’ recommendation from MarketsMOJO.