Steel Strips Wheels Reports Flat Performance in Q3, PAT and EPS Show Positive Trends

Revenue - Quarterly: At Rs 1,026.68 cr, has Grown at -1.3 % over average Revenue of the previous four quarters of Rs 1,040.44 Cr.Decreasing revenue trend is a concern for the company.

Steel Strips Wheels, a smallcap company in the auto ancillary industry, recently announced its financial results for the quarter ended December 2023. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financials, Steel Strips Wheels has shown a flat performance in the quarter, with the score remaining the same in the last three months. However, there are some positive aspects to the company's performance.

The Profit After Tax (PAT) for the quarter was the highest at Rs 59.41 crore and has been growing consistently in the last five quarters. This shows a positive trend in the company's near-term profitability. The PAT has also grown at a rate of 24.6% over the average PAT of the previous four quarters, indicating a positive trend in the company's profitability.

The Earnings per Share (EPS) for the quarter was also the highest at Rs 3.79 in the last five quarters. This shows that the company has been able to create higher earnings for its shareholders.

However, there are some areas of concern for Steel Strips Wheels. The Operating Profit to Interest ratio for the quarter was the lowest at 4.65 times in the last five quarters. This indicates a deteriorating ability of the company to manage its interest payments.

The Revenue for the quarter was also a cause for concern, as it has decreased by 1.3% over the average revenue of the previous four quarters. This shows a decreasing trend in the company's revenue, which could be a challenge for its growth.

Overall, Steel Strips Wheels has shown a mixed performance in the quarter ended December 2023. While there are some positive aspects to its financials, there are also some areas of concern that the company needs to address. Investors are advised to hold their positions and monitor the company's performance in the coming quarters.