Lakshmi Mills' Q1 2024 Financial Results Show Significant Sales Growth, But Flat Overall Performance
Lakshmi Mills, a microcap textile company, recently declared its financial results for the quarter ending March 2024. According to the report, the company's net sales for the half-yearly period have shown a significant growth of 53.18% year on year, indicating a positive sales trend in the near term.
However, the company's overall financial performance for the quarter has been flat, with a score of -3 compared to 2 in the previous quarter. This could be a cause for concern for investors.
On the stock front, MarketsMOJO has given a 'Sell' call for Lakshmi Mills. This could be due to the company's rising interest costs, which have increased by 41.20% quarter on quarter. This signifies increased borrowings and could impact the company's profitability in the long run.
On a positive note, Lakshmi Mills has shown an increase in earnings per share (EPS) for the quarter, with the highest EPS of Rs -25.86 in the last five quarters. This indicates that the company has been able to create higher earnings for its shareholders.
Overall, Lakshmi Mills' financial results for the quarter ending March 2024 have been a mix of positive and negative trends. Investors should carefully consider these factors before making any investment decisions.
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