360 ONE WAM reports flat performance in Q4, but shows positive trends in sales and profitability

360 ONE WAM, a largecap finance company, has recently announced its financial results for the quarter ending December 2023. According to the latest report, the company has shown a flat performance in the quarter, with a score of 5, which is an improvement from the previous quarter's score of -2.

Despite the flat performance, there are some positive aspects to note from the financials. The company's net sales for the quarter were the highest in the last five quarters, at Rs 647.68 crore. This is a 21.5% growth compared to the average net sales of the previous four quarters, which were at Rs 532.98 crore. This indicates a positive trend in the company's sales.

Moreover, the company's operating profit (PBDIT) for the quarter was also the highest in the last five quarters, at Rs 392.20 crore. This shows a positive trend in the company's operating profit. Similarly, the profit after tax (PAT) for the quarter was also the highest in the last five quarters, at Rs 192.11 crore. This indicates a positive trend in the company's profitability.

In addition, the company's earnings per share (EPS) for the quarter were at Rs 5.36, which is the highest in the last five quarters. This shows an increase in profitability and the company's ability to generate higher earnings for its shareholders.

Based on these financial results, MarketsMOJO has given a 'Hold' call for 360 ONE's stock. While the company's performance may not have been exceptional in the quarter, the positive trends in sales, operating profit, and profitability are promising for the future. Investors are advised to hold onto their stocks and keep an eye on the company's performance in the upcoming quarters.