Modern Dairies Reports Strong Financial Performance in Q1 2024

Modern Dairies, a microcap company in the FMCG 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, Modern Dairies has shown a very positive performance in the quarter, with a score improvement from 18 to 26 in the last 3 months. This is a significant improvement and reflects the company's strong financial standing.

One of the key factors contributing to this positive performance is the growth in Profit Before Tax less Other Income (PBT) for the quarter. At Rs 6.01 crore, it has grown by 164.2% compared to the average PBT of the previous four quarters, which was Rs 2.28 crore. This trend is expected to continue in the near term.

Similarly, the Profit After Tax (PAT) for the quarter has also shown a significant growth of 127.3% compared to the average PAT of the previous four quarters. The company's net sales for the half-yearly period have also seen a growth of 51.80% Year on Year (YoY), indicating a positive sales trend in the near term.

In terms of operating profit, Modern Dairies has recorded its highest PBDIT (Profit Before Depreciation, Interest, and Taxes) in the last five quarters at Rs 7.46 crore. The operating profit margin has also improved, reaching its highest at 7.63% in the last five quarters, showcasing the company's efficiency.

Overall, Modern Dairies has shown a positive financial performance in the quarter ending March 2024, with a strong growth in key areas such as PBT, PAT, and net sales. This is a promising sign for the company and its shareholders.