Arunjyoti Bio Ventures Reports Strong Sales Growth in Q2 2024, PAT Shows Negative Trend
Arunjyoti Bio Ventures, a microcap finance company, has reported positive financial results for the second quarter of fiscal year 2024-2025. The company's net sales have shown a significant increase of 176.94%, while its profit after tax has decreased by -226.2%. Investors are advised to hold their positions and monitor the company's future performance.
Arunjyoti Bio Ventures, 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, Arunjyoti Bio has shown positive performance in the second quarter of the fiscal year 2024-2025. The company's score has improved from 28 to 17 in the last three months.
One of the key highlights of the financial report is the significant growth in net sales, which has reached Rs 16.45 crore, showing a 176.94% increase compared to the same period last year. This indicates a strong and positive sales trend for the company.
However, the company's profit after tax (PAT) for the quarter has fallen to Rs -0.41 crore, a decrease of -226.2% compared to the average PAT of the previous four quarters, which was Rs 0.33 crore. This suggests a negative trend in the near term for the company's PAT.
Despite the mixed results, Arunjyoti Bio Ventures remains a promising player in the finance/NBFC industry. Investors are advised to hold their positions and keep an eye on the company's future financial performance.
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