Sakthi Sugars Reports Strong Financial Performance in Q1 FY25
Sakthi Sugars, a microcap company in the sugar industry, has recently announced its financial results for the quarter ending March 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.
According to the financial report, Sakthi Sugars has shown a positive performance in the quarter, with a score of 17, a significant improvement from 1 in the previous quarter. This indicates a strong financial performance for the company.
One of the key factors contributing to this positive performance is the growth in Profit Before Tax less Other Income (PBT) which has increased by 242.5% to Rs 29.00 crore compared to the average PBT of the previous four quarters which was at Rs -20.35 crore. This shows a very positive trend in the near term for PBT.
Similarly, the Profit After Tax (PAT) has also seen a significant growth of 333.9% to Rs 28.31 crore compared to the average PAT of the previous four quarters which was at Rs -12.10 crore. This indicates a very positive trend in the near term for PAT.
The company’s Net Sales have also shown a strong growth of 48.5% to Rs 393.59 crore compared to the average Net Sales of the previous four quarters which was at Rs 265.13 crore. This shows a very positive trend in the near term for sales.
Sakthi Sugars has also shown a strong ability to manage its interest payments, with the Operating Profit to Interest ratio being the highest at 2.41 times in the last five quarters. This indicates an improvement in the company’s financial management.
In addition, the company’s Operating Profit (PBDIT) for the quarter was the highest at Rs 65.39 crore in the last five quarters, showing a positive trend in the near term for operating profit.
The Operating Profit Margin for the quarter was also the highest at 16.61%, indicating an improvement in the company’s efficiency.
Overall, Sakthi Sugars has shown a strong financial performance in the quarter ending March 2024, with positive trends in key financial indicators. This is a positive sign for the company and its investors.
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