Sandhar Technologies Limited shows strong financial performance in Q1 FY25, receives 'Buy' call from MarketsMOJO
Sandhar Technologies Limited, a smallcap company in the auto ancillary industry, has recently declared its financial results for the quarter ended June 2024. The company has received a ‘Buy’ call from MarketsMOJO, indicating a positive outlook for the stock.
According to the financials, Sandhar Tech has shown a significant improvement in its performance in the last quarter. The company’s score has increased from 28 to 9 in the last 3 months, indicating a positive trend. This can be attributed to the following factors:
– Inventory Turnover Ratio: The company has achieved the highest inventory turnover ratio of 10.45 times in the last five half-yearly periods. This shows that Sandhar Tech has been able to sell its inventory at a faster rate, which is a positive sign for the company.
– Profit Before Tax (PBT): The PBT for the quarter stood at Rs 32.45 crore, showing a growth of 21.22% year on year. The near-term trend for PBT is also positive, indicating a promising future for the company.
– Profit After Tax (PAT): The PAT for the quarter was Rs 29.06 crore, showing a growth of 35.9% year on year. The near-term trend for PAT is also positive, indicating a strong financial performance by the company.
However, there are some areas that need improvement for Sandhar Tech, as highlighted by the financials:
– Operating Profit to Interest: The company’s operating profit to interest ratio is at its lowest in the last five quarters, standing at 5.99 times. This indicates a deteriorating ability to manage interest payments.
– Non-Operating Income: The non-operating income for the quarter was at its highest in the last five quarters, standing at Rs 4.69 crore. This increase in income from non-business activities may not be sustainable in the long run.
Overall, Sandhar Technologies Limited has shown a positive financial performance in the quarter ended June 2024. With a ‘Buy’ call from MarketsMOJO, the company’s stock is expected to perform well in the near future. Investors can keep an eye on Sandhar Tech for potential growth opportunities in the auto ancillary industry.
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