MOIL's Q1 financials show significant growth in PBT and PAT, highest net sales in 5 quarters

Jul 31 2024 10:01 AM IST
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MOIL, a midcap mining and minerals company, has reported a significant improvement in its financial performance for the quarter ended June 2024. The company's PBT and PAT have grown by 141.6% and 107.7% respectively, while its net sales and operating profit have also increased. However, its non-operating income may not be sustainable.

MOIL, a midcap mining and minerals company, has recently declared its financial results for the quarter ended June 2024. The company has shown a very positive performance in this quarter, with a significant improvement in its financial score from 8 to 20 in the last 3 months.

One of the key highlights of MOIL's financials is the growth in its Profit Before Tax (PBT) and Profit After Tax (PAT) for the quarter. The PBT has grown by 141.6% to Rs 177.27 crore, while the PAT has grown by 107.7% to Rs 152.35 crore, compared to the average of the previous four quarters. This indicates a very positive trend in the near term for the company.

Another positive aspect of MOIL's financials is the increase in its Net Sales for the quarter. The company has recorded its highest net sales of Rs 492.84 crore in the last five quarters, with a growth of 36.0% compared to the average of the previous four quarters. This shows a positive trend in the company's sales performance.

MOIL has also shown improvement in its Operating Profit (PBDIT) and Operating Profit Margin for the quarter. The company's operating profit has reached its highest at Rs 213.70 crore, while the operating profit margin has also increased to 43.36%. This indicates an improvement in the company's efficiency.

The company's profitability can also be seen in its highest PBT and PAT in the last five quarters, along with the highest Earnings per Share (EPS) of Rs 7.49. This shows that MOIL has created higher earnings for its shareholders.

However, one aspect that may not be sustainable for MOIL is its Non-Operating Income, which has reached its highest at Rs 27.07 crore in the last five quarters. This may not be a part of the company's core business activities and may not continue in the future.

Overall, MOIL has shown a very positive financial performance in the quarter ended June 2024, with improvements in key financial indicators. Based on this, MarketsMOJO has given a 'Hold' call for the company's stock.
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