India Grid Trust's Q4 financials show mixed results, with highest net sales but declining PBT and PAT
India Grid Trust, a midcap finance company, has recently declared its financial results for the quarter ended March 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.
According to the financial report, India Grid Trust has seen a negative performance in the quarter, with a score of -6 compared to 1 in the previous quarter. However, there are some positive aspects to the company's financials. The net sales for the quarter were the highest at Rs 813.54 crore and have been growing consistently for the past five quarters, indicating a positive sales trend in the near term.
On the other hand, there are some areas that need improvement for India Grid Trust. The Profit Before Tax (PBT) has fallen by -37.6% compared to the average PBT of the previous four quarters, and the Profit After Tax (PAT) has also fallen by -38.9% compared to the average PAT of the previous four quarters. This indicates a negative trend in the near term for both PBT and PAT.
The company's non-operating income has increased in the quarter, with the highest at Rs 10.85 crore in the last five quarters. However, this increase may not be sustainable as it comes from non-business activities.
Overall, India Grid Trust's financial results for the quarter ended March 2024 show a mix of positive and negative trends. Investors are advised to hold their positions and monitor the company's performance in the upcoming quarters.
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