Suraj's Q2 FY25 financials show mixed results, with positive dividend payout and negative sales and profits

Suraj, a microcap company in the steel/sponge iron/pig iron industry, recently announced its financial results for the quarter ending September 2024. The results, declared on October 21, 2024, have received a ‘Hold’ call from MarketsMOJO.

According to the financials, Suraj has seen a negative 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. Suraj has consistently distributed a higher dividend per share (DPS) annually, with the highest being Rs 1.50 in the last five years. This indicates that the company is generating profits and distributing them to its shareholders.

Another positive aspect is the dividend payout ratio (DPR), which has been the highest at 13.33% in the last five years. This means that Suraj is distributing a higher proportion of its profits as dividends to its shareholders.

On the other hand, there are some areas of concern for Suraj based on its September 2024 financials. The net sales for the quarter have fallen by -33.30% year on year (YoY) at Rs 56.64 crore. This indicates a negative trend in the company’s sales in the near term. Similarly, the profit after tax (PAT) for the nine-month period has also shown a negative trend, with a growth of -30.70% YoY at Rs 14.74 crore.

Overall, Suraj’s financial performance for the quarter ending September 2024 has been mixed, with some positive and negative aspects. Investors are advised to hold their positions and monitor the company’s performance closely in the coming months.