Ausom Enterprise Records Outstanding Performance in March 2024 Quarter, Net Sales Up by 446.72%
Ausom Enterprise, a microcap trading company, has reported a significant improvement in its financial performance for the quarter ending March 2024. The company's net sales have increased by 446.72% year on year, while the profit before and after tax have also shown a growth of 130.31% and 164.8% respectively. However, the high non-operating income raises concerns about the sustainability of the company's business model.
Ausom Enterprise, a microcap trading company, has recently declared its financial results for the quarter ending March 2024. The company has shown an outstanding performance with a score of 32, which is a significant improvement from the previous quarter's score of 9.
One of the key factors contributing to this growth is the net sales, which have increased by 446.72% year on year, reaching Rs 707.68 crore. This is a positive trend for the company's sales in the near term. Additionally, the profit before tax (PBT) has also shown a growth of 130.31% year on year, reaching Rs 1.87 crore. The profit after tax (PAT) has also seen a significant increase of 164.8% year on year, reaching Rs 2.82 crore.
In the last five quarters, Ausom Enterprise has recorded its highest net sales and operating profit (PBDIT) in the March 2024 quarter. The company's operating profit margin has also improved, reaching its highest at 0.41%. This indicates an improvement in the company's efficiency.
However, one area of concern for Ausom Enterprise is its non-operating income, which is 49.05% of the profit before tax. This suggests that the company's income from non-business activities is high, which may not be a sustainable business model.
MarketsMOJO has given a 'Hold' call for Ausom Enterprise's stock, taking into consideration its financial performance in the March 2024 quarter. With a positive sales trend and improved efficiency, Ausom Enterprise is showing promising growth in the trading industry.
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