Sahyadri Industries' Q1 FY25 financial report shows mixed performance, MarketsMOJO recommends 'Hold' on stock

Sahyadri Industries, a microcap company in the construction material industry, has recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.

According to the financial report, Sahyadri Industries has shown a flat performance in the quarter, with a score of 1 compared to -11 in the previous quarter. However, there are some positive aspects to the company’s financials. The operating cash flow has been consistently growing over the last three years, with the highest amount of Rs 57.80 crore generated annually. Additionally, the company’s ability to manage interest payments has improved, with the operating profit to interest ratio reaching a high of 12.80 times in the last five quarters.

On the other hand, there are some areas of concern for Sahyadri Industries. The profit before tax (PBT) less other income has fallen by -15.66% year on year, with a value of Rs 16.21 crore in the current quarter. The profit after tax (PAT) has also seen a decline of -17.3% year on year, with a value of Rs 12.49 crore. This trend in PBT and PAT is expected to continue in the near term.

Overall, Sahyadri Industries has shown a mixed performance in the quarter ending June 2024. Investors are advised to hold their positions in the company’s stock, as per the recommendation by MarketsMOJO. With a strong operating cash flow and improved ability to manage interest payments, the company has potential for growth in the future. However, the decline in PBT and PAT is a cause for concern and should be monitored closely.