Techno Electric & Engineering Company Shows Strong Q1 Performance, Receives 'Buy' Call from MarketsMOJO

Techno Electric & Engineering Company, a midcap capital goods company, has recently declared its financial results for the quarter ended June 2024. The company has received a 'Buy' call from MarketsMOJO, indicating positive prospects for the stock.

According to the financials, Techno Electric & Engineering Company has shown a strong performance in the quarter, with a 142% growth in Profit After Tax (PAT) and a 37.03% growth in Net Sales compared to the same quarter last year. This indicates a positive trend in the company's profitability and sales.

The company's Earnings per Share (EPS) for the quarter is also at its highest in the last five quarters, showing an increase in profitability and creating higher earnings for shareholders.

However, there are some areas of concern for Techno Electric & Engineering Company. The Profit Before Tax less Other Income (PBT) for the quarter has fallen by -80.37% compared to the same quarter last year, and the company's Operating Cash Flow has been consistently decreasing over the past three years. This indicates a decline in the company's cash revenues from business operations.

Moreover, the company's Non Operating Income is 87.33% of its Profit Before Tax, which suggests a high reliance on non-business activities for income. This may not be a sustainable business model in the long run.

Overall, Techno Electric & Engineering Company has shown a positive financial performance in the quarter, but investors should keep an eye on the company's PBT and cash flow trends in the near future.