Indian Wood Prod Reports Positive Financial Results for Q1 FY25
The Indian Wood Products Company, a microcap company in the cigarettes/tobacco industry, has recently announced its financial results for the quarter ending March 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.
According to the financial report, Indian Wood Prod has shown positive performance in the quarter, with a score of 14 compared to 19 in the previous 3 months. This indicates a growth in the company’s financials.
One of the key highlights of the financial report is the company’s Profit After Tax (PAT) for the half-yearly period, which has grown by 100% year on year, reaching Rs 2.66 crore. This shows a very positive trend in the company’s PAT.
Another positive aspect is the company’s ability to manage interest payments, with the Operating Profit to Interest ratio being the highest in the last five quarters at 1.88 times. This indicates an improvement in the company’s financial management.
Furthermore, the company’s PAT for the half-yearly period is higher at Rs 2.66 crore compared to the previous 12 months, which was Rs 2.59 crore. This shows that in just half a year, the company has already surpassed its PAT for the entire previous year.
In terms of sales, Indian Wood Prod has shown a positive trend with the net sales for the quarter being the highest in the last five quarters at Rs 56.34 crore. This indicates a positive near-term sales trend for the company.
The company’s Operating Profit (PBDIT) for the quarter is also the highest in the last five quarters at Rs 4.34 crore, showing a positive near-term trend in the company’s operating profit.
Moreover, the company’s Debt-Equity ratio for the half-yearly period is the lowest in the last five periods at 0.22 times. This indicates that the company has been reducing its borrowing in comparison to its equity capital.
Overall, the financial results for the quarter ending March 2024 show a positive trend for The Indian Wood Products Company. With a ‘Hold’ call from MarketsMOJO, the company’s performance is expected to continue on a positive trajectory.
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