Assam Entrade reports strong financial results for Q3 2024, with significant improvement in PAT and EPS
Assam Entrade, a microcap finance company, has recently declared its financial results for the quarter ending September 2024. The company has shown positive performance with a score of 14, a significant improvement from -1 in the last quarter. This is based on the financial data provided by the company and the stock call given by MarketsMOJO, which is 'Sell'.
According to the financials, Assam Entrade has seen a growth of 314.5% in its Profit After Tax (PAT) for the quarter, which is at Rs 1.72 crore. This is a positive trend for the company, as it has shown a significant improvement from the average PAT of the previous four quarters, which was at Rs 0.42 crore. The company has also shown a growth of 20.49% in its Net Sales for the nine-month period, indicating a positive sales trend.
Assam Entrade has also generated a high Operating Cash Flow of Rs 2.03 crore in the last three years, which is a positive sign for the company. The PAT for the quarter is also the highest in the last five quarters, at Rs 1.72 crore, showing a positive trend in profitability. The company has also created higher earnings for its shareholders, with the Earnings per Share (EPS) at its highest in the last five quarters, at Rs 11.94.
However, there are some areas that need improvement for Assam Entrade. The Profit Before Tax less Other Income (PBT) for the quarter has fallen by -469.8% compared to the average PBT of the previous four quarters. The Operating Profit (PBDIT) for the quarter is also at its lowest in the last five quarters, indicating a negative trend. The company's income from non-business activities is also high, which may not be a sustainable business model.
In conclusion, Assam Entrade has shown positive financial performance for the quarter ending September 2024, with a significant improvement in its score and PAT. However, there are some areas that need improvement, and investors should carefully consider all the financial data before making any investment decisions.
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