Everest Industries' Q4 financials show mixed performance, with PBT growth but PAT decline

May 23 2024 06:00 PM IST
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Everest Industries, a smallcap company in the construction material industry, has released its financial results for the quarter ending March 2024. While the company's PBT has shown a significant growth of 108.00%, its PAT has fallen by -58.0%. The company's reliance on non-business activities for income is also a concern.

Everest Industries, a smallcap company in the construction material industry, has recently declared its financial results for the quarter ending March 2024. According to the report released on May 23, 2024, the company's stock has been given a 'Sell' call by MarketsMOJO.

The financial performance of Everest Industries for the quarter has remained flat, with a slight improvement in its score from -14 to -4 in the last three months. However, there are some positive and negative aspects to consider based on the March 2024 financials.

On the positive side, the company's Profit Before Tax (PBT) has shown a significant growth of 108.00% year on year, reaching Rs 1.98 crore. This indicates a positive trend in the near term for PBT. However, the Profit After Tax (PAT) has fallen by -58.0% year on year, with a near term negative trend. Additionally, the company's Non Operating Income is 43.10% of its PBT, which suggests a high reliance on non-business activities for income.

Overall, Everest Industries has shown a mixed performance in its financial results for the quarter ending March 2024. Investors should carefully consider these factors before making any decisions regarding the company's stock.
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