Pokarna's Q1 FY25 financial results show strong growth and positive outlook for investors

Pokarna, a smallcap company in the ceramics and allied industry, has recently declared its financial results for the quarter ending March 2024. The company has received a ‘Buy’ call from MarketsMOJO, indicating a positive outlook for its stock.

In the last three months, Pokarna’s financial performance has shown significant improvement, with its score increasing from 18 to 21. This is a result of various factors that are working in the company’s favor.

One of the key highlights of the quarter is the company’s operating profit to interest ratio, which is at its highest in the last five quarters at 6.93 times. This indicates that Pokarna is effectively managing its interest payments, which is a positive sign for investors.

The company’s profit before tax (PBT) has also shown a strong growth of 56.84% year on year, and the trend for PBT is expected to remain positive in the near term. Similarly, the profit after tax (PAT) has grown by 79.8% year on year, with a positive trend in the near term.

Another positive aspect of Pokarna’s financials is its debt-equity ratio, which is at its lowest in the last five half yearly periods at 0.66 times. This shows that the company is reducing its borrowing and becoming more financially stable.

In terms of profitability, Pokarna has consistently shown a positive trend in its PAT and earnings per share (EPS) in the last five quarters. This indicates that the company is creating higher earnings for its shareholders.

On the downside, the company’s non-operating income has increased in the last five quarters, which may not be sustainable in the long run. However, this does not overshadow the overall positive performance of Pokarna in the quarter.

In addition, the company’s cash and cash equivalents have also shown a positive trend in the last six half yearly periods, indicating an improvement in its short-term liquidity.

Overall, Pokarna’s financial results for the quarter ending March 2024 have been very positive, with various factors working in its favor. With a ‘Buy’ call from MarketsMOJO, the company’s stock is expected to perform well in the near future.