Affle India's Q4 financial results show strong sales and profitability growth
Affle India, a midcap telecom equipment company, has recently declared its financial results for the quarter ended March 2024. The company has shown a positive performance in this quarter, with its score improving from 3 to 14 in the last 3 months.
One of the key highlights of the financial results is the net sales, which have reached an all-time high of Rs 506.22 crore and have shown consistent growth in the last five quarters. This indicates a very positive sales trend in the near term for the company.
Another positive aspect is the operating profit (PBDIT), which has also reached its highest at Rs 97.98 crore and has shown growth in each of the last five quarters. This reflects a positive trend in the near term for the company's operating profit.
The profit after tax (PAT) has also seen a significant increase, reaching its highest at Rs 87.49 crore and showing growth in each of the last five quarters. This indicates a very positive trend in the near term for the company's profitability.
In fact, the PAT for this quarter has grown at 28.6% over the average PAT of the previous four quarters, which was Rs 68.05 crore. This further reinforces the positive trend in the near term for the company's profitability.
On the other hand, there are a few areas that need improvement for Affle India. The interest cost has increased by 57.83% over the preceding nine months period, indicating a rise in borrowings for the company.
Additionally, the non-operating income has reached its highest at Rs 27.27 crore in the last five quarters. While this may seem positive, it is important to note that this income is from non-business activities and may not be sustainable in the long run.
Overall, Affle India's financial results for the quarter ended March 2024 have shown a positive trend, with strong sales and profitability. This has led to a 'Buy' call by MarketsMOJO for the company's stock. With increasing profitability and a positive outlook, Affle India is definitely a company to watch out for in the telecom equipment industry.
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