AMD Industries Reports Mixed Performance in Q2 2024 Financial Results

Nov 14 2024 04:56 PM IST
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AMD Industries, a microcap company in the packaging industry, has announced its financial results for the quarter ending September 2024. While there has been a flat performance in the second quarter, the company has shown significant growth in Profit After Tax (PAT) for the half-yearly period. However, there are also areas of concern, such as a decrease in net sales and Profit Before Tax less Other Income (PBT). Investors should carefully evaluate these factors before making any decisions.

AMD Industries, a microcap company in the packaging industry, has recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Strong Sell' call by MarketsMOJO.

According to the financial report, AMD Industries has shown a flat performance in the second quarter of the fiscal year 2024-25. The score has remained the same for the past three months. However, there are some positive aspects to the company's financials.

One of the highlights is the significant growth in Profit After Tax (PAT) for the half-yearly period, which stands at Rs 2.64 crore. This is a 588.89% increase compared to the same period last year. The trend for PAT is also very positive. Additionally, the company has already surpassed its PAT for the previous twelve months in just half a year.

On the other hand, there are some areas of concern for AMD Industries. The net sales for the quarter have fallen by -10.66% compared to the same period last year, indicating a negative trend in the near term. Furthermore, the Profit Before Tax less Other Income (PBT) for the quarter is at its lowest in the last five quarters, standing at Rs -1.93 crore. This also shows a negative trend in the near term.

Overall, AMD Industries has shown a mixed performance in the recent quarter, with some positive and negative aspects. Investors should carefully consider these factors before making any decisions regarding the company's stock.
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