India Motor Parts & Accessories Reports Mixed Performance in Q1 FY25

Jul 30 2024 09:01 PM IST
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India Motor Parts & Accessories, a smallcap trading company, reported its financial results for the quarter ending June 2024. The company's stock has been given a 'Hold' call by MarketsMojo. The net sales for the quarter were the highest in the last five quarters, indicating a positive trend. However, the non-operating income is a concern as it contributes to 42% of the profit before tax. Investors are advised to hold their position in the company's stock.

India Motor Parts & Accessories, a smallcap trading company, recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.

According to the financial report, India Motor Parts & Accessories has shown a flat performance in the quarter, with a score of 1 compared to -8 in the previous 3 months. However, there are some positive aspects to the company’s performance.


The net sales for the quarter were the highest in the last five quarters, at Rs 197.89 crore. This indicates a positive trend in the company’s sales in the near term. Additionally, the company’s cash and cash equivalents have also seen an improvement, with the highest amount of Rs 43.76 crore in the last six half-yearly periods. This shows that the company’s short-term liquidity is getting better.


On the other hand, the non-operating income for the quarter is 42% of the profit before tax. This means that a significant portion of the company’s income is coming from non-business activities, which may not be a sustainable business model.


Overall, India Motor Parts & Accessories has shown a mixed performance in the quarter ending June 2024. While there are some positive aspects, there are also some areas that need improvement. Investors are advised to hold their position in the company’s stock, as recommended by MarketsMOJO.


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