Milkfood's Q1 Financial Results Show Strong Growth and Positive Trend

Milkfood, a leading FMCG company, has recently announced its financial results for the quarter ending June 2024. The company has shown a positive performance in this quarter, with a significant improvement in its overall score from -5 to 11 in the last three months.

One of the key highlights of the financial report is the growth in Profit After Tax (PAT) for the half-yearly period, which has increased by 165.91% year on year. This indicates a strong and positive trend in the company's profitability. Additionally, the Profit Before Tax less Other Income (PBT) for the quarter has also shown a growth of 118.02% year on year, further reinforcing the company's positive performance in the near term.

Another noteworthy aspect of Milkfood's financials is its strong operating cash flow, which has been the highest in the last three years at Rs 20.34 crore. This indicates that the company has been able to generate higher cash revenues from its business operations.

Furthermore, the company has also maintained a high Dividend Payout Ratio (DPR) of 18.01% in the last five years, indicating its commitment to distributing a higher proportion of profits as dividends to its shareholders.

Based on these financial results, MarketsMOJO has given a 'Hold' call for Milkfood's stock. With its positive financial performance and strong fundamentals, Milkfood continues to be a promising player in the FMCG industry.