Kandagiri Spinning Mills Reports Flat Performance, But Shows Positive Trend in PBT for Q1 FY25
Kandagiri Spinning Mills, a microcap textile company, has recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.
According to the financial report, Kandagiri Spinning Mills has shown a flat performance in the quarter, with the score remaining the same for the past three months. However, there are some positive aspects to the company’s financials.
One of the highlights is the Profit Before Tax less Other Income (PBT) for the quarter, which is the highest in the last five quarters at Rs -0.37 crore. This indicates a positive trend in the near term for the company’s PBT.
Despite the flat performance, Kandagiri Spinning Mills continues to be a strong player in the textile industry. With its focus on quality and efficient operations, the company is well-positioned to navigate through any challenges and maintain its position in the market. Investors can keep a close eye on the company’s future financial reports for any potential growth opportunities.
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