Donear Industries Reports Strong Financial Performance in Q1 FY25, Indicating Steady Growth
Donear Industries, a microcap textile company, has recently announced its financial results for the quarter ended June 2024. The company has shown a positive performance in this quarter, with its score improving from 14 to 7 in the last 3 months, according to MarketsMOJO.
One of the key highlights of the financial results is the growth in Profit Before Tax (PBT) less Other Income, which has increased by 46.30% year on year to Rs 10.49 crore. This indicates a strong performance in the near term for Donear Industries. Additionally, the Profit After Tax (PAT) has also shown a positive trend, growing by 30.2% year on year to Rs 8.79 crore.
Donear Industries has been making steady progress in the textile industry, and these financial results are a testament to its growth and success. The company has been able to maintain a positive trend in its financial performance, which is a positive sign for its investors and stakeholders.
MarketsMOJO has given a ‘Hold’ call for Donear Industries, indicating that the company’s stock is expected to perform steadily in the near future. With its strong financial performance and positive outlook, Donear Industries is poised for further growth in the textile industry.
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