Active Clothing Co's Q1 2024 Financial Results Show Mixed Performance, 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, a decrease from the previous score of 8 in the last 3 months. 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 significant growth of 125.66% year on year, reaching Rs 2.55 crore. This trend is a positive sign for Active Clothing.
On the other hand, the company's interest cost has increased by 83.70% quarter on quarter, reaching Rs 2.48 crore. This signifies a rise in borrowings for the company, which may have a negative impact on its financials.
It is worth noting that this is the highest interest cost in the last five quarters for Active Clothing, indicating a potential concern for the company's financial management.
Overall, Active Clothing's financial performance for the quarter ending March 2024 has been mixed, with some positive and negative aspects. Investors are advised to carefully analyze the company's financials before making any investment decisions.
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