W S Industries Reports Outstanding Financial Results for Q1 FY25, Indicating Strong Growth Potential
W S Industries (India), a microcap company in the electric equipment 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, W S Industries has shown outstanding performance in the quarter, with a score of 32 compared to 41 in the previous quarter. The company’s profit after tax (PAT) for the quarter has seen a significant growth of 166.3% at Rs 18.54 crore, compared to the average PAT of the previous four quarters at Rs 6.96 crore. This indicates a positive trend in the company’s near-term profitability.
Moreover, the company’s PAT has been consistently growing each quarter in the last five quarters, with the current quarter recording the highest PAT. This is a positive sign for the company’s financial stability and growth potential.
W S Industries has also been able to settle its debtors faster, with the debtors turnover ratio at its highest at 3.85 times in the last five half-yearly periods. This shows efficient management of the company’s finances.
The company’s net sales for the quarter have also seen a growth of 23.8% at Rs 89.12 crore, compared to the average net sales of the previous four quarters at Rs 71.99 crore. This indicates a positive trend in the company’s near-term sales performance.
In terms of earnings per share (EPS), W S Industries has recorded its highest at Rs 3.31 in the last five quarters. This shows an increasing profitability and the company’s ability to generate higher earnings for its shareholders.
Furthermore, the company’s short-term liquidity is improving, with cash and cash equivalents at its highest at Rs 38.58 crore in the last six half-yearly periods. This indicates a strong financial position for the company.
Overall, W S Industries has shown a strong financial performance in the quarter ending March 2024, with positive trends in profitability, sales, and liquidity. This reflects the company’s potential for growth and stability in the electric equipment industry.
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