Rashi Peripherals Reports Strong Financial Performance, Receives 'Buy' Call from MarketsMOJO

Rashi Peripherals, a smallcap trading company, has recently declared its financial results for the quarter ending September 2024. The company has received a 'Buy' call from MarketsMOJO, indicating a positive outlook for its stock.

In the last three months, Rashi Peripherals has shown a significant improvement in its financial performance, with its score increasing from 15 to 28. This is a clear indication of the company's growth and potential in the market.

One of the key factors contributing to this positive trend is the company's Profit Before Tax (PBT) less Other Income, which has grown by 82.7% to Rs 77.46 crore in the last quarter. This is a significant increase compared to the average PBT of the previous four quarters, which was Rs 42.41 crore. The company's Profit After Tax (PAT) has also shown a remarkable growth of 102.8% to Rs 69.74 crore, compared to the average PAT of Rs 34.40 crore in the previous four quarters.

In terms of sales, Rashi Peripherals has recorded a growth of 45.80% Year on Year (YoY) in the first half of the financial year, with net sales reaching Rs 7,973.25 crore. This is a clear indication of the company's strong performance in the market.

Moreover, Rashi Peripherals has also shown a positive trend in its operating cash flow, with the company generating higher cash revenues from its business operations. In the last three years, the company's operating cash flow has grown consistently, with the latest figure standing at Rs -102.01 crore.

The company's operating profit (PBDIT) has also shown a positive trend, with the latest figure standing at Rs 98.95 crore, the highest in the last five quarters. This indicates the company's efficiency and strong financial management.

Furthermore, Rashi Peripherals has also improved its operating profit margin, with the latest figure standing at 2.67%, the highest in the last five quarters. This shows that the company has become more efficient in utilizing its resources and generating profits.

Overall, Rashi Peripherals has shown a strong financial performance in the last quarter, with its profitability and efficiency improving significantly. With a 'Buy' call from MarketsMOJO, the company's stock is expected to perform well in the market.