Rashi Peripherals Reports Strong Operating Profit and Positive Trends in Q1 Results

Rashi Peripherals, a smallcap trading company, has recently declared its financial results for the quarter ending March 2024. According to the data, the company's operating profit to interest ratio has reached its highest in the last five quarters at 2.67 times. This indicates that the company's ability to manage interest payments has improved.

The profit before tax less other income (PBT) for the quarter has also shown a positive trend, reaching its highest at Rs 33.89 crore. Similarly, the profit after tax (PAT) for the quarter has also shown a positive trend, reaching its highest at Rs 32.40 crore. This is a growth of 28.9% over the average PAT of the previous four quarters.

However, the company's earnings per share (EPS) for the quarter have declined to its lowest at Rs 4.92. This indicates a declining profitability and lower earnings for shareholders. Additionally, the non-operating income for the quarter has increased to its highest at Rs 5.15 crore. While this may seem positive, it is important to note that this income is from non-business activities and may not be sustainable.

MarketsMOJO has given a 'Hold' call for Rashi Peripherals' stock based on these financial results. Investors should carefully consider these factors before making any decisions regarding the company's stock.