Cenlub Industries Reports Positive Growth in Financial Performance for Q1 2024
Cenlub Industries, a microcap engineering company, has reported a positive financial performance for the quarter ending March 2024. The company's PAT has increased by 42.40% year on year, while net sales have shown a growth of 26.1%. This indicates a strong sales performance and a positive trend in profitability for the company in the near term.
Cenlub Industries, a microcap engineering company, has recently announced its financial results for the quarter ending March 2024. The company has shown positive growth in its financial performance, with a score of 12 compared to 7 in the previous quarter.One of the key factors contributing to this growth is the Profit After Tax (PAT) for the nine-month period, which has increased by 42.40% year on year, reaching Rs 7.49 crore. This is a significant improvement and indicates a positive trend in the company's profitability in the near term.
The company's net sales for the quarter have also shown a growth of 26.1% compared to the average net sales of the previous four quarters. This is a positive sign for the company and reflects its strong sales performance in the near term.
Moreover, the PAT for the nine-month period is higher at Rs 7.49 crore compared to the preceding 12-month period ending March 2024, which was Rs 6.74 crore. This shows that the company has already surpassed its sales from the previous year in just nine months.
Based on these financial results, MarketsMOJO has given a 'Hold' call for Cenlub Industries' stock. With its positive financial performance and strong sales growth, the company is on track for a successful year ahead.
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