Ashish Polyplast's Q1 FY25 financial results show positive trends and improved score
Ashish Polyplast, a microcap company in the plastic products industry, has recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.
According to the financial report, Ashish Polyplast’s performance for the quarter has remained flat. However, there has been an improvement in the company’s score, which has increased from 1 to 3 in the last three months.
One of the key factors contributing to this improvement is the company’s operating profit (PBDIT), which has been the highest in the last five quarters at Rs 0.18 crore. The near-term trend for operating profit is also positive. Similarly, the profit before tax less other income (PBT) has also been the highest in the last five quarters at Rs 0.11 crore, with a positive trend in the near term.
In terms of profit after tax (PAT), the company has shown a significant increase in the nine-month period ending June 2024, with a PAT of Rs 0.80 crore compared to the preceding 12-month period of Rs 0.43 crore. This indicates a strong sales performance for the company in the nine-month period.
Overall, Ashish Polyplast’s financial results for the quarter ending June 2024 show positive trends and an improvement in its score. Investors are advised to hold their stock in the company, as suggested by MarketsMOJO.
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