Rashi Peripherals Shows Positive Growth in Q1 2024 Financial Results, But Margins Deteriorate

Operating Profit Margin (OPM) - Quarterly: At 1.6% has deteriorated from 2.2% in previous quarter. Near term OPM trend is negative.
Net Profit Margin (NPM) - Quarterly: At 1.3% has deteriorated from 1.5% in previous quarter. Near term NPM trend is negative.

Based on the financial results for the quarter ended June 2024, Rashi Peripherals, a smallcap trading company, has shown positive growth in its net sales, profit before tax, and profit after tax. The company's net sales for the quarter were at Rs 4,157.82 crore, which is a 55% increase from the average net sales of the previous four quarters. This indicates a strong sales trend in the near term.

Similarly, the company's profit before tax and profit after tax have also shown significant growth of 64.9% and 64.1% respectively, compared to the average of the previous four quarters. This positive trend in both PBT and PAT is a good sign for the company's financial performance.

However, there are some areas that need improvement for Rashi Peripherals. The non-operating income for the quarter was at its highest in the last five quarters, which may not be sustainable in the long run. Additionally, the operating profit margin and net profit margin have both deteriorated from the previous quarter, indicating a negative trend in the near term.

MarketsMOJO has given a 'Hold' call for Rashi Peripherals' stock, taking into consideration the positive financial results for the quarter. Investors should keep an eye on the company's performance in the upcoming quarters to make informed decisions.