Inducto Steel's Q1 FY25 financials show flat performance, but PAT sees significant improvement.
Inducto Steel, a microcap trading company, has 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, Inducto Steel’s performance for the quarter has been flat, with a score of 1 compared to 2 in the previous quarter. However, there are some positive aspects to the company’s financials. The Profit After Tax (PAT) for the nine-month period has increased to Rs 0.86 crore, compared to the preceding 12-month period of Rs -0.41 crore. This shows a significant improvement in the company’s profitability.
On the other hand, the net sales for the quarter have fallen by -15.4% to Rs 20.73 crore, compared to the average net sales of the previous four quarters which stood at Rs 24.51 crore. This indicates a negative trend in the company’s sales in the near term.
Despite the mixed financial results, Inducto Steel remains a microcap company in the trading industry. Investors should carefully consider all the available information before making any investment decisions. This news article is based on facts and does not include any external data or sources.
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