Chordia Food Products Reports Strong Financial Performance for Q1 2024

May 29 2024 08:45 PM IST
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Chordia Food Products, a microcap company in the FMCG industry, has announced its financial results for the quarter ended March 2024. Despite a 'Strong Sell' call from MarketsMojo, the company has shown a flat financial performance with a score of 1 out of 5. However, there are positive aspects such as increased PAT and sales, indicating potential for growth.
Chordia Food Products, a microcap company in the FMCG industry, recently announced its financial results for the quarter ended March 2024. The company's stock has been given a 'Strong Sell' call by MarketsMOJO, indicating a negative outlook for investors.

Despite this, the company has shown a flat financial performance for the quarter, with a score of 1 out of 5, compared to 3 in the previous quarter. However, there are some positive aspects to the company's financials for the quarter.

One of the highlights is the Profit After Tax (PAT) for the nine-month period, which has increased to Rs 0.63 crore from the previous 12-month period ended March 2024, which was at Rs 0.31 crore. This shows a significant improvement in the company's profitability. Additionally, in the nine-month period, the company has already surpassed its sales from the previous 12 months, indicating a strong growth trend.

While the stock call may not be favorable, Chordia Food Products has shown promising financial results for the quarter, with a strong focus on increasing profitability and sales. Investors may want to keep an eye on the company's future performance to see if it can continue this positive trend.
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