ABC India's Q4 financial results show growth in sales and operations.

May 28 2024 06:45 PM IST
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ABC India, a microcap logistics company, reported a 21.34% year-on-year growth in net sales for the nine-month period ending March 2024, reaching Rs 128.38 crore. The company's operating profit for the quarter was at its highest in the last five quarters, but the earnings per share were at its lowest. MarketsMojo has given a 'Sell' call for the company's stock, citing a decline in its overall score. Despite this, ABC India continues to serve its customers in the logistics industry.

ABC India, a microcap logistics company, recently announced its financial results for the quarter ending March 2024. The company's net sales for the nine-month period have shown a growth of 21.34% year on year, reaching Rs 128.38 crore. This positive trend in sales is expected to continue in the near term.

The company's operating profit for the quarter was at its highest in the last five quarters, standing at Rs 1.55 crore. This indicates a positive trend in the company's operations.

However, the earnings per share (EPS) for the quarter were at its lowest in the last five quarters, at Rs 0.30. This decline in profitability may be a cause for concern for shareholders.

MarketsMOJO has given a 'Sell' call for ABC India's stock, based on its financial performance in the last three months. The company's overall score has also fallen from 4 to 2 in this period.

Despite the mixed financial results, ABC India remains a player in the logistics industry, catering to the needs of its customers. The company's future potential and investor interest are not mentioned in the financial report, making it a neutral and informative update for stakeholders.
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