D-Link India's Q1 results show highest net sales in 5 quarters, but debtors turnover ratio slows down

D-Link India, a smallcap trading company, has recently declared its financial results for the quarter ending June 2024. The company's net sales for the quarter were at its highest in the last five quarters, reaching Rs 345.80 crore. This shows a positive trend in the company's sales performance in the near term.

The company's cash and cash equivalents for the half-yearly period were also at its highest in the last six periods, reaching Rs 62.45 crore. This indicates an improvement in the company's short-term liquidity.

However, D-Link India's debtors turnover ratio for the half-yearly period was at its lowest in the last five periods, at 3.64 times. This suggests that the company's pace of settling its debtors has slowed down.

On the other hand, the company's non-operating income for the quarter was at its highest in the last five quarters, at Rs 5.45 crore. This increase in income from non-business activities may not be sustainable in the long run.

MarketsMOJO has given a 'Hold' call for D-Link India's stock, based on its flat financial performance in the quarter ending June 2024. The company's score has also fallen from 6 to 2 in the last three months. Investors may want to closely monitor the company's financial performance in the upcoming quarters before making any investment decisions.