Artefact Projects Reports Flat Performance in Q1 FY25, But Shows Positive Sales Growth
Artefact Projects, a microcap engineering company, has recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.
According to the financial report, Artefact Projects has shown a flat performance in the quarter, with a score of 1 compared to -3 in the previous quarter. However, there are some positive aspects to the company’s financials.
One of the highlights is the net sales, which have grown by 21.94% year on year, reaching Rs 16.62 crore. This indicates a positive trend in the company’s sales in the near term.
On the other hand, the non-operating income for the quarter is 77.07% of the profit before tax. This suggests that the company’s income from non-business activities is high, which may not be a sustainable business model.
Overall, Artefact Projects has shown a mixed performance in the quarter, with some positive and negative aspects. Investors are advised to carefully consider these factors before making any investment decisions.
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