Arnold Holdings Reports Positive Q2 Results, Receives 'Hold' Call from MarketsMOJO

Arnold Holdings, a microcap finance company, has recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Arnold Holdings has shown positive performance in the second quarter of the fiscal year 2024-25. The company's score has improved from 23 to 18 in the last three months.

One of the key factors contributing to this positive performance is the growth in Profit Before Tax less Other Income (PBT) which has increased by 314.29% year on year, reaching Rs 3.48 crore. The near-term trend for PBT is also very positive. Similarly, the Profit After Tax (PAT) has also shown a significant growth of 180.0% year on year, reaching Rs 2.94 crore. The near-term trend for PAT is also very positive.

However, the company's Net Sales for the quarter have been the lowest in the last five quarters, standing at Rs 51.65 crore. The near-term trend for sales is negative.

Despite the negative trend in sales, Arnold Holdings has shown a strong financial performance in the quarter ending September 2024. Investors are advised to hold their stocks in the company, as suggested by MarketsMOJO.