AVI Products India Reports Flat Performance in Q1 2024, PAT Surpasses Previous Year's Sales
AVI Products India, a microcap trading company, reported a flat performance in the quarter ended March 2024, with a 'Strong Sell' rating from MarketsMojo. While the company's PAT for the nine-month period was higher compared to the previous year, the PBT for the quarter was at its lowest in the last five quarters, indicating a negative trend in the near term. Investors should carefully evaluate the company's current financial situation before making any investment decisions.
AVI Products India, a microcap trading company, recently announced its financial results for the quarter ended March 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.
According to the financial report, AVI Products has shown a flat performance in the quarter, with a score of 0 compared to 2 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 was higher at Rs 0.29 crore, compared to the preceding 12-month period of Rs 0.15 crore. This indicates that the company has already surpassed its sales from the previous year in just nine months.
On the other hand, the Profit Before Tax less Other Income (PBT) for the quarter was at its lowest in the last five quarters, at Rs -0.04 crore. This suggests a negative trend in the near term for PBT.
Despite the mixed financial performance, AVI Products remains a microcap company in the trading industry. Investors should carefully consider the current financial situation of the company before making any investment decisions. This information is based solely on the company's financial report and does not include any external data or sources.
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