Star Delta Transformers Reports Mixed Performance in Q1 2024 Financial Results

May 27 2024 06:50 PM IST
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Star Delta Transformers, a microcap company in the electric equipment industry, reported a flat performance in the quarter ending March 2024 with a score of 0 compared to 25 in the previous quarter. However, net sales for the nine-month period have grown by 65.42% year on year, while profit before tax and operating profit margin have declined. Investors are advised to hold their stock and monitor future performance.

Star Delta Transformers, a microcap company in the electric equipment industry, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Star Delta Trans has experienced a flat performance in the quarter, with a score of 0 compared to 25 in the previous three months. However, there are some positive aspects to the company's performance. The net sales for the nine-month period have grown by 65.42% year on year, reaching Rs 110.45 crore. This shows a very positive sales trend in the near term. Additionally, the company's net sales for the nine-month period have surpassed the sales of the previous twelve months.

On the other hand, there are some areas of concern for Star Delta Trans. The profit before tax less other income (PBT) for the quarter has fallen by -28.57% year on year, indicating a negative trend in the near term. The profit after tax (PAT) for the quarter is also at its lowest at Rs 2.12 crore and has been declining for the past five quarters. The operating profit margin for the quarter is also at its lowest in the last five quarters, showing a deterioration in the company's efficiency. The earnings per share (EPS) for the quarter are also at their lowest in the last five quarters, indicating a decline in profitability and lower earnings for shareholders.

Overall, Star Delta Transformers has shown a mixed performance in the quarter ending March 2024. While there are some positive aspects to the company's sales, there are also some concerns regarding its profitability. Investors are advised to hold their stock and monitor the company's performance in the upcoming quarters.
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