Active Clothing Co Announces Q1 Financial Results, Receives 'Strong Sell' Rating

Active Clothing Co, a microcap company in the textile industry, has recently announced its financial results for the quarter ending March 2024. The results, declared on August 14, 2024, have received a 'Strong Sell' call from MarketsMOJO.

According to the financial report, Active Clothing's performance for the quarter has remained flat, with a score of 5 out of 10. This is a decrease from the previous quarter's score of 8. However, there are some positive aspects to the company's financials.

One of the highlights is the company's Profit After Tax (PAT) for the half-yearly period, which has shown a growth of 125.66% year on year. This is a very positive trend for Active Clothing.

On the other hand, the company's interest cost has increased by 83.70% quarter on quarter, reaching a high of Rs 2.48 crore. This signifies increased borrowings for the company, which may have a negative impact on its financials.

Despite the mixed results, Active Clothing remains a strong player in the textile industry. With a focus on improving its financial performance, the company is determined to overcome any challenges and continue to grow in the market. Investors and stakeholders can keep a close eye on the company's progress in the coming quarters.