Kabsons Industries Shows Positive Growth in Q3 Financial Results
Kabsons Industries, a microcap company in the industrial gases and fuels industry, has reported positive financial results for the quarter ending September 2024. The company has shown a significant increase in net sales and profitability, with its highest EPS and PAT in the last five quarters. MarketsMojo has given a 'Sell' call for the stock based on these results.
Kabsons Industries, a microcap company in the industrial gases and fuels industry, has recently announced its financial results for the quarter ending September 2024. The company has shown positive performance in this quarter, with a score of 11 out of 20, an improvement from the previous score of 8 in the last 3 months.According to the financials, Kabsons Industries has achieved its highest net sales of Rs 9.93 crore in the last five quarters, indicating a positive trend in sales. The company has also shown a growth of 27.6% in net sales compared to the average of the previous four quarters, which is a promising sign for the near future.
In terms of profitability, Kabsons Industries has recorded its highest earnings per share (EPS) of Rs 0.87 in the last five quarters. This shows an increase in profitability and the company's ability to generate higher earnings for its shareholders.
Moreover, the company's profit after tax (PAT) for the nine-month period ending September 2024 is higher at Rs 2.12 crore compared to the preceding 12-month period of Rs 1.81 crore. This indicates a strong performance by Kabsons Industries in the first nine months of the financial year.
Based on these financial results, MarketsMOJO has given a 'Sell' call for Kabsons Industries' stock. However, it is important to note that this is not a recommendation and should not be considered as such. This news article is purely informative and based on factual data provided by the company. Investors are advised to do their own research and analysis before making any investment decisions.
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