Kesar Enterprises Announces Q1 Financial Results, Receives 'Hold' Call from MarketsMOJO
Kesar Enterprises, a microcap company in the sugar industry, recently announced its financial results for the quarter ending March 2024. The results, declared on August 13, 2024, have received a 'Hold' call from MarketsMOJO.
According to the financials, Kesar Enterprise's performance for the quarter has been flat, with a score of 2 compared to 23 in the previous 3 months. However, there are some positive aspects to the company's financials. The operating cash flow for the year has been the highest in the last three years, at Rs 57.26 crore. This indicates that the company has generated higher cash revenues from its business operations.
On the other hand, there are some areas of concern for Kesar Enterprise. The net sales for the quarter, at Rs 69.49 crore, have fallen by 47.7% compared to the average net sales of the previous four quarters, which stood at Rs 132.76 crore. This indicates a negative trend in near-term sales. Similarly, the profit before tax less other income (PBT) for the quarter, at Rs -17.64 crore, has fallen by 731.1% compared to the average PBT of the previous four quarters, which was Rs -2.12 crore. The profit after tax (PAT) for the quarter, at Rs -17.12 crore, has also fallen by 181.9% compared to the average PAT of the previous four quarters, which was Rs 20.90 crore. This indicates a negative trend in near-term PBT and PAT.
Overall, Kesar Enterprise's financial performance for the quarter ending March 2024 has been mixed, with some positive and negative aspects. Investors are advised to hold their stock and keep a close eye on the company's future financial results.
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