ASK Automotive Reports Record High Operating Profit in Q3 2024

ASK Automotive, a leading auto ancillary company, has recently announced its financial results for the quarter ending September 2024. The company has shown a very positive performance in this quarter, with its score improving from 21 to 23 in the last three months.

One of the key highlights of the financial report is the company's operating profit (PBDIT) for the quarter, which stands at a record high of Rs 116.76 crore. This is a significant growth compared to the previous five quarters and indicates a positive trend in the near term. The operating profit margin has also seen a steady increase, reaching its highest at 11.99%, showcasing improved efficiency of the company.

Another noteworthy aspect is the profit before tax less other income (PBT), which has grown by 42.0% over the average PBT of the previous four quarters. This indicates a very positive trend in the near term for the company. Additionally, ASK Automotive has generated a high operating cash flow of Rs 303.30 crore in the last three years, showcasing its ability to generate cash revenues from business operations.

The company's net sales for the quarter have also seen a significant growth, reaching its highest at Rs 973.86 crore. This is a positive trend in the near term, with a growth of 21.7% over the average net sales of the previous four quarters. The profit after tax (PAT) has also shown a positive trend, with a record high of Rs 67.28 crore in the last five quarters. This is a growth of 37.5% over the average PAT of the previous four quarters.

Overall, ASK Automotive's financial performance for the quarter ending September 2024 has been very positive, with increasing profitability and higher earnings per share (EPS) of Rs 3.41. This showcases the company's strong position in the auto ancillary industry and its ability to create value for its shareholders. Based on these results, MarketsMOJO has given a 'Hold' call for ASK Automotive's stock.