Rana Sugars' Financial Performance Declines, Receives 'Sell' Call from MarketsMOJO

Rana Sugars, a microcap company in the sugar industry, recently announced its financial results for the quarter ending March 2024. According to the data released on May 29, 2024, the company's stock has been given a 'Sell' call by MarketsMOJO.

The financial performance of Rana Sugars for the quarter has been negative, with a score of -15 compared to -6 in the previous quarter. This indicates a decline in the company's overall financial health.

One of the major factors contributing to this decline is the Profit Before Tax (PBT) less Other Income, which has fallen by 58.33% year on year to Rs 15.94 crore. The near-term trend for PBT is also negative.

Similarly, the Profit After Tax (PAT) has also seen a significant decline of 52.2% year on year to Rs 21.70 crore. The near-term trend for PAT is also negative.

Another concerning aspect is the increase in interest cost, which has grown by 70.80% quarter on quarter to Rs 9.36 crore. This indicates that the company has taken on more borrowings, which could impact its financial stability.

In terms of sales, Rana Sugars has seen a decline of 8.02% year on year to Rs 415.39 crore. The near-term trend for sales is also negative.

Based on these financial results, MarketsMOJO has given a 'Sell' call for Rana Sugars' stock. It is important for investors to carefully consider these factors before making any investment decisions.