Dhampure Speciality Sugars Reports Mixed Financial Results for Q1 2024

May 31 2024 06:02 PM IST
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Dhampure Speciality Sugars, a microcap company in the sugar industry, reported its financial results for the quarter ending March 2024. While net sales have shown a positive trend with a 57.2% increase, there are concerns regarding the company's profitability, with a -183.7% decline in PAT and lowest PBDIT and PBT in the last five quarters.

Dhampure Speciality Sugars, a microcap company in the sugar industry, recently announced its financial results for the quarter ending March 2024. According to the report released on May 31, 2024, the company's stock has been given a 'Sell' call by MarketsMOJO.

The financial performance of Dhampure Speciality Sugars for the quarter has been flat, with a score of 3 compared to 17 in the previous quarter. However, there are some positive aspects to the company's performance in the quarter.

One of the highlights is the growth in net sales, which has increased by 57.2% to Rs 8.51 crore compared to the average net sales of the previous four quarters at Rs 5.41 crore. This indicates a positive trend in the company's sales in the near term.

On the other hand, there are some areas of concern for Dhampure Speciality Sugars based on its financials for the quarter. The company's profit after tax (PAT) has fallen by -183.7% to Rs -0.73 crore compared to the average PAT of the previous four quarters at Rs 0.87 crore. This shows a negative trend in the company's profitability in the near term.

Additionally, the operating profit (PBDIT) for the quarter is at its lowest in the last five quarters at Rs -1.77 crore, indicating a negative trend in the near term. The same can be seen in the profit before tax less other income (PBT), which is also at its lowest in the last five quarters at Rs -1.84 crore.

Furthermore, the earnings per share (EPS) for the quarter is at its lowest in the last five quarters at Rs -1.00, indicating a decline in profitability and lower earnings for shareholders.

Overall, the financial results for the quarter ending March 2024 for Dhampure Speciality Sugars show a mixed performance, with some positive and negative aspects. Investors are advised to carefully consider these factors before making any investment decisions.
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