Eastern Treads shows positive financial performance in Q4 2023, with improved PAT and PBDIT

Eastern Treads, a microcap company in the rubber products industry, has recently announced its financial results for the quarter ending December 2023. The company has shown positive performance in this quarter, with its score improving from 7 to 6 in the last 3 months.

One of the key highlights of the financial report is the company's Profit After Tax (PAT), which has been the highest in the last five quarters at Rs -0.11 crore. This is a significant improvement from the previous quarters and shows a positive trend in the near term. Similarly, the Operating Profit (PBDIT) has also seen a growth, with the highest recorded at Rs 0.64 crore in the last five quarters. This indicates a positive trend in the company's operating efficiency.

Moreover, the Operating Profit Margin has also shown improvement, with the highest recorded at 4.33% in the last five quarters. This suggests that the company has become more efficient in managing its costs and generating profits. Additionally, the Profit Before Tax less Other Income (PBT) has also seen a positive trend, with the highest recorded at Rs -0.29 crore in the last five quarters.

The company's Earnings per Share (EPS) has also increased, with the highest recorded at Rs -0.21 in the last five quarters. This indicates that the company has been able to generate higher earnings for its shareholders.

Based on these financial results, MarketsMOJO has given a 'Sell' call for Eastern Treads' stock. However, it is important to note that this is not a recommendation and should not be considered as such. This article is purely based on the facts and figures provided by the company's financial report. Investors are advised to do their own research and analysis before making any investment decisions.