Ravikumar Distilleries Reports Mixed Performance in Q1 FY25 Financial Results

Ravikumar Distilleries, a microcap company in the breweries industry, recently announced its financial results for the quarter ending March 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.

According to the financial report, Ravikumar Distilleries has seen a flat performance in the quarter, with a score of 3 out of 10, compared to 8 in the previous quarter. However, there are some positive aspects to the company’s financials.

The company’s Profit After Tax (PAT) for the half-yearly period has shown a significant growth of 180.35% year on year, reaching Rs 1.39 crore. This is a very positive trend for the company. Additionally, the PAT for the half-yearly period is higher than the preceding 12 months, indicating a strong performance in the first half of the year.

On the other hand, there are some areas of concern for Ravikumar Distilleries. The company’s Net Sales for the quarter have fallen by -25.11% year on year, indicating a negative trend in the near term. Furthermore, the company’s Non-Operating Income for the quarter is 2,775.00% of the Profit Before Tax (PBT), which suggests that the company’s income from non-business activities is high and may not be sustainable in the long run.

Overall, Ravikumar Distilleries has shown a mixed performance in the quarter ending March 2024. Investors should carefully consider these financials before making any investment decisions.