Rushil Decor Reports Mixed Results for Q1 2024, Net Sales Reach 5-Quarter High

May 09 2024 06:00 PM IST
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Rushil Decor, a microcap company in the wood products industry, reported a negative performance in the quarter ending March 2024 with a 'Strong Sell' rating from MarketsMojo. While net sales were the highest in five quarters, PAT and PBT have decreased and EPS is at a low. Investors should monitor the company's progress.

Rushil Decor, a microcap company in the wood products industry, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.

According to the financial report, Rushil Decor has seen a negative performance in the quarter, with a score of -8 compared to -6 in the previous quarter. However, there are some positive aspects to the company's performance. The net sales for the quarter were the highest in the last five quarters, at Rs 233.43 crore, and the sales trend is currently positive.

On the other hand, there are also some areas of concern for Rushil Decor. The profit after tax (PAT) for the quarter was Rs 9.00 crore, which is a decrease of 33.6% compared to the same quarter last year. The PAT trend in the near term is also very negative. Additionally, the interest cost for the nine-month period has increased by 20.35%, indicating a rise in borrowings. The profit before tax less other income (PBT) for the quarter has also decreased by 8.99% compared to the previous year, and the near term trend is negative. The earnings per share (EPS) for the quarter were the lowest in the last five quarters, at Rs 3.39, showing a decline in profitability and lower earnings for shareholders.

Despite these challenges, Rushil Decor remains a key player in the wood products industry and has the potential to turn its performance around in the future. Investors should keep a close eye on the company's progress and make informed decisions based on its financial performance.
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