Arunis Abode Reports Growth in Profit and Sales, Receives 'Hold' Call from MarketsMOJO

Feb 02 2024 06:00 PM IST
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Arunis Abode, a microcap finance company, reported a flat performance in the quarter ended December 2023, with a score of 1 compared to 3 in the previous quarter. However, the company's financials show an increase in Profit After Tax and sales, indicating potential for future growth. MarketsMojo has given a 'Hold' call for the company's stock.
Arunis Abode, a microcap finance company, recently announced its financial results for the quarter ended December 2023. The company's stock has been given a 'Hold' call by MarketsMOJO, a leading financial analysis platform.

According to the financial report, Arunis Abode 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 increase in Profit After Tax (PAT) for the nine-month period, which stands at Rs 0.25 crore compared to Rs 0.15 crore in the preceding 12-month period. This indicates a growth in the company's profitability. Additionally, in just nine months, Arunis Abode has already surpassed its sales from the previous 12 months.

Despite the flat performance in the quarter, Arunis Abode's financials show promising signs for the future. The company's focus on increasing profitability and sales is a positive indicator for investors. However, it is important to note that MarketsMOJO has given a 'Hold' call for the company's stock, indicating a neutral stance.
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