Innovative Tech Pack Reports Positive Financial Results, Receives 'Hold' Call from MarketsMOJO

Nov 16 2024 05:09 PM IST
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Innovative Tech Pack, a microcap company in the plastic products industry, has reported positive financial results for the quarter ending September 2024. The company's operating profit to interest ratio and profit before tax have shown significant improvement, leading to higher earnings per share. MarketsMojo has given the company a 'Hold' call.
Innovative Tech Pack, a microcap company in the plastic products industry, has recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Innovative Tech has shown positive performance in the second quarter of the fiscal year 2024-2025. In the last three months, the company's score has improved from 3 to 8.

One of the key factors contributing to this improvement is the company's operating profit to interest ratio, which has been the highest in the last five quarters at 4.03 times. This indicates that the company's ability to manage interest payments has improved.

Moreover, the company's profit before tax (PBT) less other income has also been the highest in the last five quarters at Rs 1.52 crore. This shows a positive trend in the near term for PBT.

In terms of profitability, Innovative Tech has also shown a positive trend in the near term for profit after tax (PAT), with the highest PAT of Rs 1.55 crore in the last five quarters. This has resulted in an increase in earnings per share (EPS), which has been the highest at Rs 0.69 in the last five quarters. This indicates that the company has been able to create higher earnings for its shareholders.

Overall, the financial results for the quarter ending September 2024 show a positive trend for Innovative Tech Pack. With a 'Hold' call from MarketsMOJO, investors may want to keep an eye on the company's future performance.
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