Assam Entrade's Financial Report Shows Mixed Results for Q2 2024

Aug 12 2024 11:02 PM IST
share
Share Via
Assam Entrade, a microcap finance company, has reported a flat performance for the quarter ended June 2024, with a 'Strong Sell' call from MarketsMojo. While the company's PAT has shown growth, its PBDIT and PBT have decreased. Investors are advised to carefully evaluate the company's financials before making any investment decisions.

Assam Entrade, a microcap finance company, has recently declared its financial results for the quarter ended June 2024. The company has received a 'Strong Sell' call from MarketsMOJO, indicating a negative outlook for its stock.

According to the financial report, Assam Entrade's performance for the quarter has been flat, with a score of -1 compared to 3 in the previous quarter. However, there are some positive aspects to the company's financials. The Profit After Tax (PAT) for the nine-month period is higher at Rs 1.27 crore, compared to the preceding 12-month period of Rs 1.24 crore. This indicates a growth in sales for the company.

On the other hand, there are also some concerning factors in the financial report. The Operating Profit (PBDIT) for the quarter is at its lowest in the last five quarters, at Rs 0.44 crore. The trend for near-term Operating Profit is also negative. Similarly, the Profit Before Tax less Other Income (PBT) for the quarter is at its lowest in the last five quarters, at Rs 0.41 crore. The trend for near-term PBT is also negative.

Despite these challenges, Assam Entrade remains committed to its goal of providing financial services to its customers. The company will continue to work towards improving its financial performance and addressing any issues that may arise. Investors are advised to carefully consider the current financial situation of the company before making any investment decisions.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News