Bodhi Tree Multimedia Announces Positive Growth in Net Sales and Profit for Q1 2024
Bodhi Tree Multimedia, a microcap company in the TV broadcasting and software industry, has reported flat performance for the quarter ending March 2024. However, there are positive signs in net sales and profit after tax, indicating potential growth in the near future. Investors may want to monitor the company's progress.
Bodhi Tree Multimedia, a microcap company in the TV broadcasting and software industry, has 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, Bodhi Tree's performance for the quarter has remained flat, with a score of -2 compared to 2 in the previous quarter. However, there are some positive aspects to the company's financials.
One of the highlights is the growth in net sales, which has increased by 36.4% to Rs 21.86 crore compared to the average net sales of the previous four quarters, which was Rs 16.03 crore. This indicates a positive trend in near-term sales for the company.
Similarly, the profit after tax (PAT) has also shown growth, increasing by 27.3% to Rs 1.61 crore compared to the average PAT of the previous four quarters, which was Rs 1.27 crore. This suggests a positive trend in near-term profitability for Bodhi Tree.
Overall, while the company's financial performance for the quarter may have been flat, there are some positive indicators that could bode well for its future. Investors may want to keep an eye on Bodhi Tree as it continues to navigate the TV broadcasting and software industry.
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