Dolat Algotech's Q1 financial results show impressive growth, receives 'Buy' call from MarketsMOJO

Dolat Algotech, a smallcap finance company, has recently announced its financial results for the quarter ending June 2024. The company has received a 'Buy' call from MarketsMOJO, indicating a positive outlook for the stock. The quarter has seen outstanding financial performance for Dolat Algotech, with a consistent score in the last three months. The company's Profit Before Tax less Other Income (PBT) has shown a significant growth of 103.5% at Rs 100.34 crore, compared to the average PBT of the previous four quarters at Rs 49.32 crore. This trend is expected to continue in the near term, indicating a positive outlook for the company. Similarly, the Profit After Tax (PAT) has also shown a remarkable growth of 82.2% at Rs 71.68 crore, compared to the average PAT of the previous four quarters at Rs 39.33 crore. The company's Net Sales have also seen a consistent growth in the last five quarters, with the highest at Rs 151.73 crore. This is a positive sign for the company's sales trend in the near future. Dolat Algotech's Operating Profit (PBDIT) has also shown a consistent growth in the last five quarters, with the highest at Rs 110.19 crore. The company's Operating Profit Margin has also improved, with the highest at 72.62%. This indicates an increase in the company's efficiency. The company's Earnings per Share (EPS) has also shown a positive trend, with the highest at Rs 4.07 in the last five quarters. This indicates an increase in profitability and higher earnings for shareholders. Overall, Dolat Algotech's financial results for the quarter ending June 2024 have been impressive, with a positive outlook for the company's future. With a 'Buy' call from MarketsMOJO, investors can expect good returns from this smallcap finance company.