Atul Auto's Q4 results show significant growth in profits and sales.

Atul Auto, a smallcap company in the auto industry, has recently declared its financial results for the quarter ended March 2024. According to the latest report, the company has shown positive performance in terms of profits and sales.

The company's Profit After Tax (PAT) for the half-yearly period has increased to Rs 10.41 crore, which is higher than the previous 12-month period of Rs 6.27 crore. This shows a significant growth of 35.37% year on year, indicating a positive trend in the company's profitability.

In terms of sales, Atul Auto has achieved its highest quarterly net sales of Rs 160.14 crore in the last five quarters. This is a growth of 23.8% over the average net sales of the previous four quarters, indicating a positive trend in the company's sales performance.

Moreover, the company has also managed to reduce its debt-equity ratio to 0.34 times, which is the lowest in the last five half-yearly periods. This shows that Atul Auto has been successful in reducing its borrowing as compared to its equity capital.

Based on these financial results, MarketsMOJO has given a 'Sell' call for Atul Auto's stock. However, it is important to note that this is not a recommendation from experts or investors, but rather a fact-based analysis of the company's financial performance.