Kaizen Agro Infrabuild reports improved profitability and sales growth in Q1 2024
Kaizen Agro Infrabuild, a microcap company in the capital goods industry, announced its financial results for the quarter ending March 2024. Despite a flat overall performance, the company's net sales have shown a growth of 25.36% year on year and its Profit After Tax has significantly improved in a short period of time. MarketsMojo has advised a 'Hold' call for its stock.
Kaizen Agro Infrabuild, a microcap company in the capital goods industry, recently announced its financial results for the quarter ending March 2024. The results, declared on August 14, 2024, have received a 'Hold' call from MarketsMOJO.The company's financial performance for the quarter has remained flat, with a score of 3 out of 10, compared to 6 in the previous quarter. However, there are some positive aspects to the financials.
Kaizen Agro's net sales for the half-yearly period have shown a growth of 25.36% year on year, reaching Rs 17.25 crore. The near-term sales trend is also positive for the company.
In terms of profitability, the company's Profit After Tax (PAT) for the nine-month period is higher at Rs 0.45 crore, compared to the preceding 12-month period ending June 2024, which had a PAT of Rs -0.10 crore. This indicates a significant improvement in the company's financials in a short period of time.
Overall, Kaizen Agro's financial results for the quarter ending March 2024 show some positive signs, with growth in net sales and improved profitability. However, the company's overall performance remains flat, and MarketsMOJO has advised a 'Hold' call for its stock. Investors may want to keep an eye on the company's future financial performance before making any investment decisions.
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