Skipper's Q1 FY25 Results Show Strong Sales and Profit Growth, Receives 'Buy' Rating

Skipper, a smallcap company in the transmission tower industry, has recently announced its financial results for the quarter ending June 2024. The company has shown a very positive performance, with a score of 25 out of 30, an improvement from 19 in the last 3 months.

One of the key highlights of the quarter is the significant growth in net sales, which has increased by 96.86% year on year. This shows a strong sales trend in the near term for Skipper. The company has also seen a growth of 81.96% in its Profit Before Tax (PBT) and 99.5% in its Profit After Tax (PAT) compared to the same quarter last year. In fact, the PAT for this quarter is the highest in the last five quarters, indicating a consistent growth in profitability.

Another positive aspect for Skipper is its Earnings per Share (EPS), which has been consistently increasing and is at its highest in the last five quarters. This shows that the company is creating higher earnings for its shareholders.

On the other hand, there are a few areas that need improvement for Skipper. The interest cost has increased by 38.19% compared to the previous half yearly period, indicating a rise in borrowings. The company also saw a significant increase in its non-operating income, which may not be sustainable in the long run.

Overall, Skipper’s financial performance for the quarter ending June 2024 has been very positive, with strong sales and profitability growth. This has led MarketsMOJO to give a ‘Buy’ call for the company’s stock. With a strong focus on improving its liquidity and consistent growth in earnings, Skipper is poised for a bright future in the transmission tower industry.