Jyoti Reports Strong Financial Performance in Q1 FY25, Despite 'Sell' Call from MarketsMOJO

Jyoti, a microcap company in the capital goods industry, has recently announced its financial results for the quarter ending June 2024. According to the data released on August 14, 2024, the stock call for Jyoti by MarketsMOJO is ‘Sell’.

Despite the negative sentiment from MarketsMOJO, Jyoti has shown positive financial performance in the quarter. The company’s score has improved from 3 to 7 in the last 3 months, indicating a strong growth trend.

One of the key factors contributing to this growth is the increase in Profit Before Tax less Other Income (PBT) for the quarter. At Rs 3.81 crore, it has grown by 184.9% compared to the average PBT of the previous four quarters, which was Rs 1.34 crore. This shows a very positive trend in the near term for PBT.

Similarly, the Profit After Tax (PAT) for the quarter has also shown significant growth, increasing by 129.5% compared to the average PAT of the previous four quarters. The company’s Net Sales have also seen a positive trend, growing by 50.7% compared to the average Net Sales of the previous four quarters.

In fact, the Net Sales for the quarter, at Rs 62.40 crore, is the highest in the last five quarters, indicating a strong sales performance. The same can be said for PBT, which is also at its highest in the last five quarters at Rs 3.81 crore.

Jyoti’s Earnings per Share (EPS) for the quarter is also at its highest in the last five quarters, at Rs 2.69. This shows that the company has been able to increase its profitability and create higher earnings for its shareholders.

Overall, Jyoti’s financial results for the quarter ending June 2024 have been positive, with strong growth in key areas. While MarketsMOJO may have a ‘Sell’ call for the stock, the data suggests that Jyoti is performing well and has the potential to continue its growth in the near future.