Kamdhenu's Q4 financials show positive growth, highest PAT and PBDIT in 5 quarters

May 06 2024 06:00 PM IST
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Kamdhenu, a smallcap trading company, has reported a positive financial performance for the quarter ending March 2024. The company's Profit After Tax (PAT) has increased by 51.8%, while Operating Profit (PBDIT) and Profit Before Tax (PBT) have been the highest in the last five quarters. However, the high Non Operating Income raises concerns about the sustainability of the company's business model. MarketsMojo has given a 'Hold' call for the company's stock, indicating a neutral stance. Investors should monitor the company's future financial results for informed decisions.

Kamdhenu, a smallcap trading company, has recently declared its financial results for the quarter ending March 2024. The company has shown positive performance with a score of 9, a significant improvement from -3 in the last 3 months.

One of the key highlights of the financials is the growth in Profit After Tax (PAT) which has increased by 51.8% to Rs 16.75 crore compared to the average PAT of the previous four quarters which was Rs 11.04 crore. This shows a very positive trend in the near term for the company.

Another positive aspect is the Operating Profit (PBDIT) which has been the highest in the last five quarters at Rs 15.80 crore. This indicates a positive trend in the near term for the company's operating profit.

The Profit Before Tax less Other Income (PBT) has also been the highest in the last five quarters at Rs 14.44 crore, showing a positive trend in the near term. The company's Profit After Tax (PAT) has also been the highest in the last five quarters at Rs 16.75 crore, indicating a positive trend in the near term.

The company's Earnings per Share (EPS) has also been the highest in the last five quarters at Rs 6.22, showcasing an increase in profitability and creating higher earnings for shareholders.

However, one area of concern is the Non Operating Income which is 34.95% of the Profit Before Tax (PBT). This indicates that the company's income from non-business activities is high, which may not be a sustainable business model.

Overall, Kamdhenu has shown a positive financial performance in the quarter ending March 2024. MarketsMOJO has given a 'Hold' call for the company's stock, indicating a neutral stance. Investors should keep an eye on the company's future financial results to make informed decisions.
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