Raj Rayon Industries' Q1 Financial Report Shows Mixed Performance, Highest Net Sales in 5 Quarters
Raj Rayon Industries, a smallcap textile company, has recently declared its financial results for the quarter ended March 2024. The company's stock has been given a 'Strong Sell' call by MarketsMOJO.
According to the financial report, Raj Rayon Industries has shown a flat performance in the quarter, with a score of 1 compared to 28 in the previous 3 months. However, there are some positive aspects to the company's performance in the quarter.
The net sales for the quarter were the highest at Rs 217.06 crore and have shown growth in each of the last five quarters. This indicates a very positive trend in the company's sales in the near term. Additionally, the net sales have grown by 36.0% over the average net sales of the previous four quarters, further highlighting the positive sales trend.
On the other hand, there are some areas that have not performed well for Raj Rayon Industries in the quarter. The profit before tax (PBT) less other income has fallen by -193.8% over the average PBT of the previous four quarters. This indicates a very negative trend in the near term for PBT. Similarly, the profit after tax (PAT) has also fallen by -358.6% over the average PAT of the previous four quarters, showing a very negative trend.
Another concerning aspect is the increase in interest cost, which has grown by 40.28% quarter on quarter. This signifies increased borrowings for the company.
Overall, Raj Rayon Industries has shown a mixed performance in the quarter, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.
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