Rajoo Engineers Reports Positive Financial Performance in Q1 2024

Despite a decline in net sales, Rajoo Engineers has shown positive financial performance in the quarter ending March 2024. The company's operating profit (PBDIT) has reached its highest in the last five quarters at Rs 8.96 crore, indicating a positive trend in the near term. The operating profit margin has also improved, reaching its highest at 17.01% in the last five quarters, showcasing the company's efficiency.

The profit before tax less other income (PBT) has also seen a positive trend, reaching its highest at Rs 7.79 crore in the last five quarters. This is a growth of 22.48% year on year, indicating a positive trend in the near term. The profit after tax (PAT) has also shown a positive trend, reaching its highest at Rs 7.08 crore in the last five quarters. This is a growth of 27.6% year on year, further highlighting the company's positive financial performance.

The earnings per share (EPS) have also increased, reaching its highest at Rs 1.15 in the last five quarters. This shows that the company has created higher earnings for its shareholders. However, the net sales have declined by -26.25% year on year, indicating a negative trend in the near term.

Overall, Rajoo Engineers has shown positive financial performance in the quarter ending March 2024, with a 'Hold' stock call by MarketsMOJO. The company's efficiency and profitability have improved, but the decline in net sales is a concern. Investors are advised to hold their position and monitor the company's performance in the upcoming quarters.