Career Point Reports Strong Financial Results for Q1 2024, PAT Increases by 626.98%

Career Point, a leading educational institution in the microcap 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, Career Point has shown a positive performance in the quarter, with a score of 14 compared to 17 in the previous 3 months. This indicates a growth in the company's financials.

One of the key highlights of the report is the significant growth in Profit After Tax (PAT) for the half-yearly period, which has increased by 626.98% year on year. This is a very positive trend for the company. Additionally, the Profit Before Tax less Other Income (PBT) for the quarter has also shown a growth of 145.3% compared to the average PBT of the previous four quarters. This indicates a positive trend in the near term for PBT.

Moreover, the company's PAT for the half-yearly period is higher at Rs 29.30 crore compared to the preceding 12-month period ending March 2024, which was Rs 22.21 crore. This shows a strong growth in the company's profits in just half a year.

Overall, Career Point's financial results for the quarter ending March 2024 have been positive, with a significant growth in profits. This is a promising sign for the company and its investors.