Rathi Steel & Power's Q1 Financial Results Show Mixed Performance
Rathi Steel & Power, a microcap company in the iron and steel industry, recently announced its financial results for the quarter ending March 2024. The results, declared on August 12, 2024, have received a 'Sell' call from MarketsMOJO.The company's financial performance for the quarter has remained flat, with a slight improvement in its score from -22 to -4 in the last three months. However, there are some positive aspects to note from the financials.
Rathi Steel has shown a strong ability to manage its interest payments, with the Operating Profit to Interest ratio being the highest at 5.53 times and growing each quarter in the last five quarters. The Profit Before Tax less Other Income (PBT) has also seen a significant growth of 533.33% year on year, with a positive trend in the near term. The company's PBT for the quarter is also the highest in the last five quarters.
The Profit After Tax (PAT) for the quarter is also the highest in the last five quarters, showing a positive trend in the near term. However, there are some areas of concern for Rathi Steel, as the Net Sales for the quarter have fallen by -12.85% year on year, with a very negative trend in the near term.
Overall, Rathi Steel & Power's financial results for the quarter ending March 2024 have been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.
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