Savita Oil Technologies Reports Mixed Results for Q1 2024, Highest Net Sales in 5 Quarters
Savita Oil Technologies, a smallcap company in the lubricants industry, 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 financials, Savita Oil Tech has seen a negative performance in the quarter, with a score of -10 compared to 10 in the previous 3 months. 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 973.31 crore, indicating a positive trend in sales.
On the other hand, there are some areas that are not working in favor of Savita Oil Tech. The Profit Before Tax less Other Income (PBT) for the quarter has fallen by 70.6% compared to the average of the previous four quarters. The Profit After Tax (PAT) has also seen a decline of 40.3% compared to the average of the previous four quarters. The company's ability to manage interest payments has also deteriorated, with the Operating Profit to Interest ratio being the lowest in the last five quarters.
The company's Operating Profit (PBDIT) for the quarter was also the lowest in the last five quarters, indicating a negative trend. The Operating Profit Margin was also at its lowest in the last five quarters, showing a decline in the company's efficiency. The Non Operating Income for the quarter was 61.19% of the Profit Before Tax, which may not be a sustainable business model.
The Earnings per Share (EPS) for the quarter was also the lowest in the last five quarters, indicating a decline in profitability and lower earnings for shareholders. However, the Non Operating Income for the quarter was the highest in the last five quarters, which may not be sustainable in the long run.
Overall, Savita Oil Technologies has seen a negative financial performance in the quarter ending March 2024. Investors are advised to hold their stocks and keep a close eye on the company's future financial results.
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