Ace Men Engg Works Announces Strong Profit Growth in Latest Quarter
Ace Men Engg Works, a microcap company in the miscellaneous industry, has recently announced its financial results for the quarter ending March 2024. The results, declared on June 25, 2024, have received a 'Strong Sell' call from MarketsMOJO.Despite a flat financial performance in the quarter, Ace Men has maintained its score for the past three months. However, there are some positive aspects to the company's financials for the quarter.
One notable improvement is in the Profit After Tax (PAT) for the half-year period, which stands at Rs 0.07 crore. This is higher than the preceding 12-month period ending March 2024, which reported a PAT of Rs -0.58 crore. In just six months, Ace Men has already surpassed its PAT for the entire previous year.
While the company's overall financial performance may not be impressive, this improvement in PAT is a positive sign for Ace Men. Investors should keep an eye on the company's future financial results to see if this trend continues.
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