Shri Keshav Cements & Infra Reports Strong Financial Performance in Q1 2024

Shri Keshav Cements & Infra, a microcap company in the cement 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, Shri Keshav has shown a very positive performance in the quarter, with a score improvement from 17 to 22 in the last three months. This is a significant growth for the company.

One of the key factors contributing to this growth is the Profit Before Tax less Other Income (PBT) which has shown a 327.17% increase year on year, reaching Rs 3.93 crore. The near term trend for PBT is also very positive. Similarly, the Profit After Tax (PAT) has also seen a significant growth of 118.5% year on year, reaching Rs 4.84 crore. The near term trend for PAT is also positive.

Another positive aspect of Shri Keshav's financials is the Operating Profit to Interest ratio, which is at its highest in the last five quarters at 2.83 times. This indicates that the company's ability to manage interest payments is improving.

In terms of sales, the company has achieved its highest net sales of Rs 36.02 crore in the last five quarters, with a positive near term sales trend. The PBT and PAT have also reached their highest in the last five quarters, indicating a positive trend for the company.

Overall, Shri Keshav Cements & Infra has shown a strong financial performance in the quarter ending March 2024, with positive trends in key areas. Investors are advised to hold their stock in the company, as suggested by MarketsMOJO.