Incredible Industries Reports Mixed Results for Q1 FY25, with Positive Growth in PBT but Decline in Net Sales
Incredible Industries, a microcap company in the iron and steel industry, recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.
According to the financial report, Incredible Industries has seen a flat performance in the quarter, with a score of 2 compared to 14 in the previous 3 months. However, there are some positive aspects to note from the report.
One of the highlights is the growth in Profit Before Tax less Other Income (PBT) for the quarter, which stands at Rs 2.61 crore, showing a 34.2% increase from the average PBT of the previous four quarters at Rs 1.95 crore. This indicates a positive trend in the near term for PBT.
On the other hand, the company’s Net Sales for the quarter have fallen by -10.6% at Rs 182.89 crore compared to the average Net Sales of the previous four quarters at Rs 204.54 crore. This shows a very negative trend in the near term for sales.
Overall, Incredible Industries’ financial performance for the quarter ending June 2024 has been neutral, with some positive and negative aspects to consider. Investors should carefully evaluate the company’s financials before making any decisions.
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