Kesar Enterprise's Q1 financial results show significant growth and positive trends.
Kesar Enterprise, a microcap company in the sugar industry, has recently declared its financial results for the quarter ending March 2024. The stock call for the company by MarketsMOJO is 'Hold'.
According to the financials, Kesar Enterprise has shown a very positive performance in the quarter, with a significant improvement in its score from 1 to 22 in the last 3 months. The company's Profit Before Tax (PBT) has grown by 580.3% to Rs 33.44 crore, compared to the average PBT of the previous four quarters which was at Rs -6.96 crore. The trend for PBT in the near term is also very positive.
Similarly, the company's Profit After Tax (PAT) has shown a growth of 1943.6% to Rs 125.27 crore, compared to the average PAT of the previous four quarters which was at Rs -6.80 crore. The trend for PAT in the near term is also very positive. The Net Sales for the quarter have also shown a growth of 30.7% to Rs 179.17 crore, compared to the average Net Sales of the previous four quarters which was at Rs 137.05 crore. The near term sales trend is positive for the company.
Kesar Enterprise has also shown a positive trend in its Operating Profit (PBDIT), with the highest value of Rs 31.95 crore in the last five quarters. The Operating Profit Margin has also improved to 17.83%, indicating an increase in the company's efficiency. The company's Earnings per Share (EPS) have also shown a positive trend, with the highest value of Rs 124.28 in the last five quarters, indicating an increase in profitability and higher earnings for shareholders.
However, the company's Non Operating Income is 73.31% of its Profit Before Tax (PBT), which suggests that the company's income from non-business activities is high and may not be a sustainable business model.
Overall, Kesar Enterprise has shown a strong financial performance in the quarter ending March 2024, with positive trends in key financial indicators. Investors are advised to hold their stocks in the company, as recommended by MarketsMOJO.
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