Dhatre Udyog's Q1 financial report shows positive sales growth, but decrease in profit raises concerns

Dhatre Udyog, a microcap company in the iron and steel industry, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.

According to the financial report, Dhatre Udyog has shown positive performance in the quarter, with a score of 7 out of 18. This is a significant decrease from the previous quarter's score of 18. The company's net sales for the quarter were Rs 53.41 crore, showing a growth of 32.37% compared to the same quarter last year. This indicates a positive trend in the company's sales in the near term.

However, the company's profit after tax (PAT) for the quarter was Rs 0.71 crore, which is a decrease of 64.3% compared to the same quarter last year. This shows a very negative trend in the company's PAT in the near term.

Despite the positive growth in net sales, the decrease in PAT may be a cause for concern for investors. However, it is important to note that Dhatre Udyog is a microcap company, which means it has a small market capitalization and may be more volatile compared to larger companies.

Investors should carefully consider all the financial information and market trends before making any investment decisions regarding Dhatre Udyog. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO, indicating a cautious approach towards investing in this company.