Inox India's Q4 financials show decline in PBT and potential sustainability concerns.
Inox India, a midcap engineering company, recently declared its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.
According to the financials, Inox India's Profit Before Tax (PBT) has fallen by 5.7% to Rs 44.51 crore in the quarter, compared to the average PBT of the previous four quarters which was Rs 47.20 crore. This indicates a negative trend in the near term for the company.
The company's Non Operating Income for the quarter was at its highest in the last five quarters, at Rs 11.90 crore. However, this increase in income from non-business activities may not be sustainable.
Based on these financials, it can be concluded that Inox India is facing challenges in terms of its PBT and non-operating income. Investors should take note of these numbers before making any investment decisions.
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