Adroit Infotech Reports Strong Financial Results for Q1 2024, Record High Sales and Profits

May 15 2024 06:00 PM IST
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Adroit Infotech, a microcap company in the animation industry, has reported a strong financial performance for the quarter ending March 2024. The company's PBT and PAT have shown significant growth, while Net Sales and EPS have reached record highs. This indicates a positive trend for Adroit Infotech in the near future.
Adroit Infotech, a microcap company in the animation industry, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Adroit Info. has shown a very positive performance in the last quarter, with a score of 21 compared to 0 in the previous three months. This improvement can be attributed to several factors.

One of the key highlights is the growth in Profit Before Tax less Other Income (PBT) which has increased by 168.15% year on year. This indicates a strong near-term trend for PBT. Similarly, the Profit After Tax (PAT) has also shown a significant growth of 198.4% year on year, with a positive trend in the near term.

The company's Net Sales for the quarter have reached a record high of Rs 7.71 crore, the highest in the last five quarters. This shows a positive trend in the near term for sales. Additionally, the PAT for the quarter has also reached its highest at Rs 1.83 crore, indicating a positive trend in profitability.

The company's Earnings per Share (EPS) for the quarter have also seen a significant increase, reaching its highest at Rs 0.84 in the last five quarters. This shows that Adroit Infotech has been able to create higher earnings for its shareholders.

Overall, the financial results for the quarter ending March 2024 have been very positive for Adroit Infotech. With a strong performance and positive trends in key areas, the company is poised for growth in the near future.
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