Atlantaa Reports Positive Q1 FY25 Results, But Some Areas Need Improvement

Atlantaa, a microcap company in the capital goods 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, Atlantaa has shown positive performance in the quarter, with a score of 16 compared to 32 in the previous quarter. The company’s net sales for the half-yearly period have grown by 503.62% year on year, indicating a very positive sales trend. The quarterly profit after tax has also seen a significant growth of 900.8% year on year, with a positive near-term trend.

However, there are some areas that need improvement for Atlantaa. The profit before tax less other income has fallen by -328.71% year on year, with a negative near-term trend. The company’s interest cost has also increased, indicating higher borrowings. The operating profit for the quarter is the lowest in the last five quarters, with a negative near-term trend. The operating profit margin has also decreased, showing a decline in the company’s efficiency.

Moreover, the debt-equity ratio for the half-yearly period is the highest in the last five periods, indicating a higher reliance on borrowing for operations. The company’s non-operating income is also at its highest in the last five quarters, which may not be sustainable in the long run.

Overall, Atlantaa has shown positive financial performance in the quarter ending June 2024, but there are some areas that need improvement. Investors are advised to hold their stock and monitor the company’s progress in the upcoming quarters.