Advani Hotels & Resorts reports strong financial results for Q1 2024, receives 'Hold' call from MarketsMOJO

Advani Hotels & Resorts (India), a microcap company in the hotel industry, has recently announced its financial results for the quarter ending March 2024. According to the latest report, the company has shown positive performance in terms of profit before tax (PBT) and profit after tax (PAT).

The PBT for the quarter was recorded at Rs 13.41 crore, which is a significant growth of 73.5% compared to the average PBT of the previous four quarters, which was Rs 7.73 crore. This indicates a very positive trend in the near term for the company's PBT. Similarly, the PAT for the quarter was Rs 10.59 crore, showing a growth of 67.4% over the average PAT of the previous four quarters, which was Rs 6.33 crore. This also reflects a very positive trend in the near term for the company's PAT.

In terms of net sales, Advani Hotels & Resorts has recorded its highest sales in the last five quarters, with a total of Rs 32.57 crore. This is a growth of 26.1% over the average net sales of the previous four quarters, which was Rs 25.83 crore. This indicates a positive trend in the near term for the company's sales.

Based on these financial results, MarketsMOJO has given a 'Hold' call for Advani Hotels & Resorts stock. The company's performance in the quarter ending March 2024 has been impressive, with positive trends in PBT, PAT, and net sales. Investors may want to keep an eye on the company's future performance, but for now, the stock is recommended to be held.