Keerthi Industries Reports Negative Performance in Q1 2024, Experts Give 'Strong Sell' Rating

Keerthi Industries, a microcap cement company, has recently announced its financial results for the quarter ending March 2024. According to the report, the company has seen a negative performance with a score of -18, a significant decrease from the previous quarter's score of 1.

The company's profit before tax (PBT) has fallen to -9.66 crore, a decrease of 119.3% compared to the average PBT of the previous four quarters. This trend is expected to continue in the near term. Similarly, the profit after tax (PAT) has also decreased by 40.3% compared to the average of the previous four quarters.

One of the major factors contributing to this negative performance is the increase in interest costs, which has grown by 44.86% over the preceding nine months period. This indicates that the company has taken on more borrowings, which could potentially impact its financial stability.

Moreover, the net sales for the quarter have also fallen by 12.0% compared to the average of the previous four quarters. This is a concerning trend for the company, as it indicates a decline in demand for its products.

In addition, the company's operating profit margin has also decreased to -10.11%, the lowest in the last five quarters. This signifies a decline in the company's efficiency in managing its operations.

Overall, Keerthi Industries' financial performance for the quarter ending March 2024 has been disappointing, with negative trends in key areas such as PBT, PAT, and net sales. As a result, MarketsMOJO has given a 'Strong Sell' call for the company's stock. Investors should carefully consider these factors before making any investment decisions.