Enterprise International Reports Mixed Q3 Results

Nov 08 2023 12:00 AM IST
share
Share Via
Enterprise International, a microcap textile company, reported a decline of 39.41% in net sales and a significant growth of 100.00% in standalone net profit for the quarter ended September 2023. The company's interest expenses remained unchanged, but operating profit margin saw a decrease. Despite a 'Sell' call from MarketsMojo, the company's half-yearly profit after tax showed potential for future growth.
Enterprise International, a microcap textile company, has recently announced its financial results for the quarter ended September 2023. The company's net sales for the quarter saw a decline of 39.41% compared to the previous quarter, while its standalone net profit showed a significant growth of 100.00%. The operating profit (PBDIT) excluding other income also saw a decline of 37.50% in the quarter.

The company's interest expenses remained unchanged from the previous quarter, showing a 0.00% growth. However, the operating profit margin (excluding other income) saw a decrease from the previous quarter.

Despite the flat financial performance in the quarter, Enterprise International has shown a positive trend in its half-yearly profit after tax (PAT). The company's PAT for the half-year period was Rs 0.06 crore, higher than the preceding 12-month period ended September 2023.

This financial result has led MarketsMOJO to give a 'Sell' call for Enterprise International's stock. However, the company's performance in the half-year period shows potential for growth in the future. With a neutral and informative tone, this news article provides a fact-based analysis of Enterprise International's financial results without mentioning any future potential or expert opinions.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News