Josts Engg. Co. Reports Strong Financial Performance in Sep 2024 Quarter
Josts Engineering Company, a microcap engineering firm, has reported a significant improvement in its financial performance for the quarter ending September 2024. The company's Profit Before Tax and Profit After Tax have increased by 82.3% and 66.0% respectively, while its Net Sales have reached a record high of Rs 62.58 crore. The company's efficiency has also improved, leading to higher profitability and a record high Earnings per Share. However, the company's Operating Cash Flow has declined, but its Short Term liquidity has improved. MarketsMojo has given a 'Buy' call for the company's stock, indicating potential growth in the engineering industry.
Josts Engineering Company, a microcap engineering firm, has recently announced its financial results for the quarter ending September 2024. The company has shown a very positive performance in this quarter, with a significant improvement in its financial score from 16 to 28 in the last three months.
According to the Sep 2024 financials, Josts Engg. Co. has seen a growth of 82.3% in its Profit Before Tax (PBT) compared to the average PBT of the previous four quarters. The Profit After Tax (PAT) has also increased by 66.0% in this quarter, showing a very positive trend in the near term. The company's Net Sales have reached a record high of Rs 62.58 crore, with a growth of 21.7% over the average Net Sales of the previous four quarters. This indicates a positive trend in the company's sales performance.
Josts Engg. Co. has also shown a significant improvement in its Operating Profit (PBDIT) and Operating Profit Margin, with the highest figures in the last five quarters. The company's efficiency has improved, leading to higher profitability. The Earnings per Share (EPS) have also reached a record high of Rs 10.47, indicating that the company has created higher earnings for its shareholders.
On the downside, the company's Operating Cash Flow has been the lowest in the last three years, indicating a decline in its cash revenues from business operations. However, the company's Short Term liquidity has improved, with the highest Cash and Cash Equivalents in the last six half-yearly periods.
MarketsMOJO has given a 'Buy' call for Josts Engg. Co.'s stock, based on its positive financial performance in this quarter. With a strong financial score and positive trends in key financial indicators, Josts Engg. Co. is showing promising growth potential in the engineering industry. Investors can keep an eye on this microcap company for potential investment opportunities.
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