Udaipur Cement Works reports mixed financial results for Q1 FY 25

Udaipur Cement Works, a smallcap company in the cement industry, has recently declared its financial results for the quarter ending June 2024. According to the report, the company has seen a negative performance in this quarter, with a score of -14 compared to 6 in the previous quarter.

Despite this, there are some positive aspects to Udaipur Cement’s financials. The net sales for the quarter have grown by 31.88% year on year, indicating a positive sales trend in the near term. Additionally, the company has been able to reduce its debt and maintain a low debt-equity ratio of 1.48 times in the last five half-yearly periods. The debtors turnover ratio has also improved, with the company settling its debtors faster.

However, there are some areas of concern for Udaipur Cement. The profit before tax less other income has fallen by -346.91% year on year, and the profit after tax has also seen a decline of -344.2% year on year. The company’s ability to manage interest payments has also deteriorated, with the operating profit to interest ratio at its lowest in the last five quarters. The interest cost has also increased by 17.26% quarter on quarter, indicating increased borrowings. The company’s profitability has also declined, with the lowest earnings per share in the last five quarters.

MarketsMOJO has given a ‘Hold’ call for Udaipur Cement’s stock, considering the negative financial performance in this quarter. Investors are advised to closely monitor the company’s financials and performance in the upcoming quarters.