Ramky Infra's Q1 FY25 Results Show Mixed Performance, Investors Urged to Analyze Carefully

Ramky Infrastructure, a smallcap company in the capital goods industry, recently announced its financial results for the quarter ending March 2024. The results, declared on August 13, 2024, have received a ‘Strong Sell’ rating from MarketsMOJO.

According to the financials, Ramky Infra’s performance for the quarter has been flat, with a score of 0 compared to 18 in the previous quarter. However, there are some positive aspects to note. The company’s operating profit to interest ratio for the quarter is the highest it has been in the last five quarters, indicating an improvement in its ability to manage interest payments. Additionally, the company has been consistently reducing its debt-to-equity ratio over the past five half-yearly periods.

On the other hand, there are some concerning factors in the financials as well. The profit before tax (PBT) less other income has fallen by 29.33% year on year, and the profit after tax (PAT) has also seen a decline of 33.3% year on year. This trend is expected to continue in the near term. Furthermore, the company’s cash and cash equivalents have reached their lowest point in the last six half-yearly periods, indicating a deterioration in short-term liquidity.

Overall, Ramky Infrastructure’s financial performance for the quarter ending March 2024 has been mixed, with some positive and negative aspects. Investors are advised to carefully consider these factors before making any investment decisions.