Ceeta Industries Reports Strong Financial Results for Q1 2024

May 31 2024 06:00 PM IST
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Ceeta Industries, a microcap company in the ceramics and allied industry, has reported a positive performance in its financial results for the quarter ending March 2024. The company's net sales have increased by 80.07% year on year, reaching Rs 5.42 crore, and its profit after tax (PAT) has also reached its highest in the last five quarters at Rs 0.53 crore. MarketsMojo has given a 'Sell' call for the company's stock based on these results.
Ceeta Industries, a microcap company in the ceramics and allied industry, has recently announced its financial results for the quarter ending March 2024. The company has shown a positive performance, with its score improving from 6 to 13 in the last 3 months.

One of the key factors contributing to this growth is the net sales, which have seen a significant increase of 80.07% year on year, reaching Rs 5.42 crore. This indicates a strong sales trend for the company.

Moreover, Ceeta Industries has also reported its highest profit after tax (PAT) in the last five quarters, standing at Rs 0.53 crore for the quarter. This shows a positive trend in the company's profitability in the near term.

In addition, the earnings per share (EPS) for the quarter have also reached their highest at Rs 0.37, indicating an increase in profitability and creating higher earnings for shareholders.

Based on these financial results, MarketsMOJO has given a 'Sell' call for Ceeta Industries' stock. However, it is important to note that this is a neutral and fact-based analysis and does not involve any future potential, investor interest, or expert opinions.
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