Active Clothing Co Reports Strong Q3 Results

Active Clothing Co, a microcap textile company, has recently announced its financial results for the quarter ended September 2023. The company's net sales have shown a significant growth of 72.14% compared to the previous quarter, which was only 1.69%. This is a positive sign for the company's performance in the textile industry.
According to MarketsMOJO, a leading financial analysis platform, the stock call for Active Clothing is 'Hold'. This indicates that the company's stock is expected to perform steadily in the near future.

In terms of financial highlights, Active Clothing has shown a strong improvement in its standalone net profit, which has grown by 144.59% in the quarter ended September 2023 compared to 89.74% in the previous quarter. The company's operating profit (PBDIT) has also seen a growth of 64.43%, while interest expenses have decreased by 11.79%.

However, the operating profit margin (excluding other income) has fallen in the quarter ended September 2023 compared to the previous quarter. This could be a potential area of improvement for the company.

Despite this, Active Clothing has shown a very positive financial performance in the quarter ended September 2023, with a score of 20 compared to 8 in the last 3 months. This indicates that the company is on a positive growth trajectory.

Some key factors contributing to Active Clothing's success in the quarter include its high operating profit to interest ratio, which is the highest in the last five quarters, indicating the company's ability to manage its interest payments. The company's net sales have also reached a record high of Rs 76.86 crore, showing a positive trend in the near term.

In conclusion, Active Clothing Co has shown a strong financial performance in the quarter ended September 2023, with positive growth in key areas. With a 'Hold' stock call from MarketsMOJO, the company is expected to continue its steady performance in the near future.