Surya Roshni's Q4 Financial Results Show Flat Performance and Decline in PAT

Surya Roshni, a midcap company in the iron and steel industry, recently declared its financial results for the quarter ending March 2024. According to the latest report, the company's performance has remained flat, with a score of -2 compared to 4 in the previous quarter.

One of the major factors contributing to this decline is the company's Profit After Tax (PAT) for the half-yearly period, which has seen a decrease of 20.89% year on year. This downward trend in PAT is expected to continue in the near term.

Another concerning aspect of Surya Roshni's financials is its Non-Operating Income for the quarter, which has reached its highest point in the last five quarters at Rs 6.89 crore. While this may seem like a positive development, experts believe that this increase in income from non-business activities may not be sustainable in the long run.

As a result of these financial indicators, MarketsMOJO has given a 'Hold' call for Surya Roshni's stock. This means that investors should hold onto their current positions and not make any new investments in the company's stock at this time.

Overall, Surya Roshni's financial performance for the quarter ending March 2024 has been lackluster, and investors should closely monitor the company's future developments before making any investment decisions.