Elegant Marbles Reports Positive Growth in Q3 Financial Results

Elegant Marbles and Grani Industries, a microcap trading company, has recently announced its financial results for the quarter ending September 2024. The company has shown positive growth in its financial performance, with a score of 11 compared to -11 in the previous quarter.

According to the financial report, Elegant Marbles has seen a significant increase in its Profit Before Tax (PBT) and Profit After Tax (PAT) for the quarter. PBT has grown by 217.9% to Rs 2.71 crore, while PAT has grown by 124.3% to Rs 2.55 crore, compared to the average of the previous four quarters. This indicates a very positive trend in the near term for the company.

The company has also shown a growth in its Net Sales, with the highest recorded at Rs 10.38 crore in the last five quarters. This is a 25.4% increase over the average Net Sales of the previous four quarters. The Operating Profit (PBDIT) has also seen a positive trend, with the highest recorded at Rs 2.94 crore in the last five quarters. The Operating Profit Margin has also improved, reaching its highest at 28.32%.

However, the company's Operating Cash Flow has been the lowest in the last three years, at Rs -6.05 crore. This indicates a decline in the company's cash revenues from business operations.

Based on these financial results, MarketsMOJO has given a 'Sell' call for Elegant Marbles' stock. Investors should carefully consider these factors before making any investment decisions.