Bambino Agro Industries Reports Mixed Performance in Q1, PAT Shows 34.82% Growth
Bambino Agro Industries, a microcap FMCG company, reported a flat performance in the quarter ending March 2024, with a score of 0 compared to 8 in the previous quarter. However, the company's Profit After Tax has shown a growth of 34.82% year on year, while its interest cost has increased by 21.33%. Investors are advised to hold their positions in the company's stock.
Bambino Agro Industries, a microcap FMCG company, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.
According to the financial report, Bambino Agro Ind. has shown a flat performance in the quarter, with a score of 0 compared to 8 in the previous quarter. However, there are some positive aspects to the company's financials.
The company's Profit After Tax (PAT) for the half-yearly period has shown a growth of 34.82% year on year, reaching Rs 5.15 crore. This indicates a positive trend in the near term for the company's profits.
On the other hand, the company's interest cost for the nine-month period has increased by 21.33%, reaching Rs 6.03 crore. This suggests that the company has taken on more borrowings, which could be a cause for concern.
Overall, Bambino Agro Industries has shown a mixed performance in the quarter, with some positive and negative aspects. Investors are advised to hold their positions in the company's stock, as recommended by MarketsMOJO.
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