Avance Technologies Reports Strong Financial Performance in Q1 FY25
Avance Technologies, a microcap trading company, has recently announced its financial results for the quarter ending March 2024. The results have been declared on August 13, 2024, and according to MarketsMOJO, the stock call for Avance Technologies is ‘Sell’.
Despite the negative stock call, Avance Technologies has shown a very positive financial performance in the quarter ending June 2024. The company’s score has improved from 18 to 22 in the last three months, indicating a strong growth trend.
One of the key factors contributing to this growth is the Profit Before Tax less Other Income (PBT) which has seen a significant increase of 250.4% compared to the average PBT of the previous four quarters. This is a clear indication of the company’s near-term positive PBT trend.
The Profit After Tax (PAT) has also shown a positive trend, with the highest PAT of Rs 2.19 crore in the last five quarters. The company has consistently grown its PAT in the last five quarters, further strengthening its near-term positive PAT trend.
Avance Technologies has also seen a growth in its Net Sales, with a 32.2% increase compared to the average Net Sales of the previous four quarters. This positive trend in sales is expected to continue in the near term.
The company’s Operating Profit (PBDIT) has also shown a positive trend, with the highest PBDIT of Rs 2.19 crore in the last five quarters. This indicates a strong performance in the company’s operations.
Overall, Avance Technologies has shown a positive financial performance in the quarter ending June 2024, with increasing profitability and higher earnings per share for its shareholders. The company’s financials reflect a strong growth trend and a promising future for the company in the trading industry.
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