Century Extrusions Shows Promising Signs in Recent Financial Report, Receives 'Hold' Call from MarketsMOJO

Century Extrusions, a microcap company in the aluminium industry, recently announced its financial results for the quarter ending December 2023. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Century Extrusions has shown a flat performance in the last quarter of 2023, with a score of 5 out of 10. However, there are some positive aspects to the company's performance.

One of the highlights is the growth in Profit After Tax (PAT) for the half-yearly period, which has increased by 33.44% year on year, reaching Rs 4.27 crore. This indicates a positive trend in the company's near-term profitability.

Another positive aspect is the Debt-Equity Ratio, which is at its lowest in the last five half-yearly periods, standing at 0.59 times. This shows that the company has been reducing its borrowing in comparison to its equity capital.

Overall, while Century Extrusions may have had a flat performance in the last quarter, there are some promising signs for the company's future. Investors may want to consider the 'Hold' call given by MarketsMOJO and keep an eye on the company's progress in the coming months.