PG Electroplast reports strong financial performance in Q3 2023.

PG Electroplast, a smallcap company in the consumer electronics industry, has recently declared its financial results for the quarter ended December 2023. The company has shown positive performance in this quarter, with a score of 16, compared to 21 in the previous quarter.

One of the key highlights of the financials is the growth in net sales, which has increased by 24.82% year on year, reaching Rs 992.30 crore in the half yearly period. This indicates a positive trend in the company's sales in the near term. Similarly, the profit before tax (PBT) has also shown a growth of 28.53% year on year, reaching Rs 20.95 crore in the quarterly period. The profit after tax (PAT) has also seen a significant increase of 39.6% year on year, reaching Rs 19.18 crore in the same period.

Another positive aspect of the financials is the company's cash and cash equivalents, which have reached a record high of Rs 340.16 crore in the last six half yearly periods. This indicates an improvement in the company's short term liquidity. Additionally, the debt-equity ratio has also shown a decreasing trend, reaching its lowest at 0.33 times in the last five half yearly periods. This shows that the company has been reducing its borrowing as compared to its equity capital.

However, there are some areas that need improvement for PG Electroplast. The non-operating income has reached its highest at Rs 5.04 crore in the last five quarters. While this may seem like a positive aspect, it is important to note that this income is from non-business activities and may not be sustainable in the long run.

Overall, PG Electroplast has shown a positive financial performance in the quarter ended December 2023. With a 'Hold' call from MarketsMOJO, investors may want to keep an eye on the company's future financials to make informed decisions.