India Cements Capital Reports Flat Q3 Results, Positive Signs for Future Growth

Feb 01 2024 07:15 PM IST
share
Share Via
India Cements Capital, a microcap finance company, reported flat financial results for the quarter ended December 2023. Despite a 'Sell' call from MarketsMojo, the company's cash and cash equivalents have improved, indicating better short-term liquidity. Additionally, the company's PAT for the nine-month period has shown significant growth, hinting at potential future growth.
India Cements Capital, a microcap finance company, recently announced its financial results for the quarter ended December 2023. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, India Cements Capital's performance for the quarter has remained flat. In the last three months, the company's score has fallen from 7 to 2. However, there are some positive aspects to the company's financials.

One of the key highlights is the company's cash and cash equivalents, which have been the highest in the last six half-yearly periods at Rs 13.02 crore. This indicates an improvement in short-term liquidity for the company.

Moreover, the company's Profit After Tax (PAT) for the nine-month period is higher at Rs 1.38 crore compared to the previous 12-month period ending in December 2023, which was Rs 0.72 crore. This shows a significant growth in sales for the company in the first nine months of the financial year.

Overall, while India Cements Capital's financial performance for the quarter may have been flat, there are some positive signs for the company's future growth. Investors may want to keep an eye on the company's progress in the coming months.
{{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