Dhanlaxmi Fabric's Q1 financials show decline in profitability despite strong net sales growth
Despite a positive growth in net sales, Dhanlaxmi Fabric has seen a decline in its financial performance for the quarter ending Mar 2024. The company's score has fallen from -10 to -17 in the last 3 months, indicating a negative trend.
On the positive side, the company's net sales for the quarter have shown a significant growth of 49.5% compared to the average net sales of the previous four quarters. This indicates a strong demand for the company's textile products in the market.
However, the company's profit before tax (PBT) and profit after tax (PAT) have both seen a sharp decline of -124.4% and -150.8% respectively, compared to the average of the previous four quarters. This could be due to various factors such as increased production costs or a decrease in demand for the company's products.
Moreover, Dhanlaxmi Fabric's operating profit (PBDIT) for the quarter is the lowest in the last five quarters, indicating a negative trend in the company's profitability.
Based on these financial results, MarketsMOJO has given a 'Sell' call for Dhanlaxmi Fabric's stock. Investors should carefully consider these factors before making any investment decisions.
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