Artefact Project Reports Positive Financial Performance in Q4 2023

Artefact Project, a microcap engineering company, has recently announced its financial results for the quarter ending December 2023. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Artefact Project has shown positive performance in the quarter, with a score of 12 compared to 16 in the previous quarter. This indicates a steady growth for the company.

One of the key factors contributing to this positive performance is the increase in net sales, which has grown by 55.58% year on year, reaching Rs 12.82 crore. This shows a strong sales trend for the company in the near term.

Another significant growth can be seen in the Profit After Tax (PAT) which has increased by 77.62% year on year, reaching Rs 3.73 crore. This indicates a positive trend for the company in terms of profitability.

In terms of Profit Before Tax (PBT), Artefact Project has shown its highest performance in the last five quarters, with Rs 0.74 crore. This shows a positive trend for the company in the near term.

However, one area of concern for the company is its Non Operating Income, which is 59.56% of the Profit Before Tax (PBT). This indicates that the company's income from non-business activities is high, which may not be a sustainable business model.

Overall, Artefact Project has shown a positive financial performance in the quarter ending December 2023, with strong growth in net sales and profitability. However, the company needs to address its reliance on non-business income for sustainable growth in the long term.