Igarashi Motors India Reports Strong Financial Performance in Latest Quarter
Igarashi Motors India, a smallcap company in the auto ancillary industry, has recently declared its financial results for the quarter ending March 2024. According to the latest update from MarketsMOJO, the stock call for Igarashi Motors is 'Sell'.Despite the negative sentiment surrounding the auto industry, Igarashi Motors has shown a positive financial performance in the last quarter. The company's score has improved from 4 to 8 in the last 3 months, indicating a strong growth trend.
One of the key factors contributing to this growth is the company's Profit Before Tax less Other Income (PBT) which has seen a significant increase of 181.6% compared to the average PBT of the previous four quarters. This shows a strong near-term trend for Igarashi Motors.
Another positive aspect for the company is its ability to manage interest payments, with the Operating Profit to Interest ratio being the highest in the last five quarters at 8.07 times.
The Profit After Tax (PAT) has also shown a growth of 70.2% compared to the average PAT of the previous four quarters. This indicates a positive near-term trend for the company.
In terms of sales, Igarashi Motors has recorded its highest net sales of Rs 204.60 crore in the last five quarters, showing a positive trend in the near term.
The company's Operating Profit (PBDIT) has also been the highest in the last five quarters at Rs 22.44 crore, indicating a positive trend in the near term.
Overall, Igarashi Motors India has shown a strong financial performance in the last quarter, with its PBT, PAT, net sales, and operating profit all showing positive trends. This makes it a company to watch out for in the auto ancillary industry.
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