Andhra Sugars' Q1 Financial Results Show Decline in Performance, Investors Beware

Andhra Sugars, a smallcap company in the diversified industry, recently declared its financial results for the quarter ending June 2024. However, the news is not positive as the company has seen a decline in its financial performance. According to MarketsMOJO, the stock call for Andhra Sugars is 'Sell'.

The company's score has fallen from -7 to -15 in the last three months, indicating a negative trend. The Profit Before Tax (PBT) less Other Income for the quarter is at Rs -2.86 crore, which is a significant decrease of -119.8% compared to the average PBT of the previous four quarters, which was Rs 14.43 crore. This shows a very negative trend in the near term for PBT.

Similarly, the Profit After Tax (PAT) for the quarter is at Rs 14.80 crore, which is a decrease of -25.6% compared to the average PAT of the previous four quarters, which was Rs 19.89 crore. The Operating Profit (PBDIT) for the quarter is also at its lowest in the last five quarters, at Rs 11.05 crore. This indicates a negative trend in the near term for operating profit.

The Operating Profit Margin for the quarter is also at its lowest in the last five quarters, at 2.30%. This shows that the company's efficiency has deteriorated. The Non Operating Income for the quarter is at a high of 115.16% of the Profit Before Tax (PBT), indicating that the company's income from non-business activities is high. However, this may not be a sustainable business model. The Non Operating Income for the quarter is also at its highest in the last five quarters, at Rs 21.72 crore.

Overall, the financial results for the quarter ending June 2024 for Andhra Sugars are not positive. The company's efficiency has deteriorated, and its income from non-business activities is high, which may not be sustainable. Investors are advised to take note of these factors before making any investment decisions.