Arex Industries Reports Strong Financial Performance in Q1 FY25, Receives 'Hold' Call from MarketsMOJO

Arex Industries, a microcap textile company, has recently announced its financial results for the quarter ended June 2024. The company has received a ‘Hold’ call from MarketsMOJO, a leading financial analysis platform.

According to the financial report, Arex Industries has shown a positive performance in the quarter, with a score of 6 out of 7. This is a slight decrease from the previous quarter’s score of 7, but still reflects a strong financial standing.

One of the key highlights of the financial report is the significant growth in Profit After Tax (PAT) for the nine-month period, which has increased by 214.86% year on year. This is a very positive trend for the company and reflects its strong financial management.

Another positive aspect is the growth in Profit Before Tax less Other Income (PBT) for the quarter, which has increased by 36.7% compared to the average PBT of the previous four quarters. This indicates a positive trend in the near term for the company.

Moreover, the company’s PAT for the nine-month period is higher at Rs 2.33 crore compared to the preceding 12-month period ended June 2024, which was Rs 1.51 crore. This shows that Arex Industries has already surpassed its sales from the previous year in just nine months.

Overall, the financial results for the quarter ended June 2024 reflect a strong and positive performance for Arex Industries. With a ‘Hold’ call from MarketsMOJO, the company is expected to continue its growth and success in the textile industry.