Parag Milk Foods Reports Positive Q1 Results, Debt Reduction and Steady Profit Growth

Parag Milk Foods, a smallcap FMCG company, has recently announced its financial results for the quarter ended June 2024. The company has shown a positive performance in this quarter, with a score of 10 compared to -5 in the previous quarter.

One of the key factors contributing to this positive performance is the growth in Profit Before Tax (PBT) less Other Income, which has increased by 135.77% year on year. The company has also shown a trend of reducing its debt and maintaining a low Debt-Equity Ratio of 0.71 times.

Another positive aspect of Parag Milk Foods' financials is the growth in Profit After Tax (PAT), which has increased by 27.5% year on year. However, the company's pace of settling its Debtors has slowed, with the Debtors Turnover Ratio being at its lowest in the last five half yearly periods.

Based on these financials, MarketsMOJO has given a 'Sell' call for Parag Milk Foods' stock. It is important to note that this is not a recommendation, but rather a fact-based analysis of the company's financial performance. Investors should do their own research and consult with their financial advisors before making any investment decisions.