Karma Energy Ltd's Q3 Financial Results Show Significant Growth
Karma Energy Ltd, a microcap company in the power industry, has recently announced its financial results for the quarter ended September 2023. The company has shown a significant growth in its net sales, standalone net profit, and operating profit (PBDIT) excluding other income, with a quarter-on-quarter (QoQ) growth of 79.77%, 786.21%, and 291.59% respectively. This is a significant improvement from the previous quarter, where the company had reported a QoQ growth of 205.22%, -93.19%, and 175.89% in these respective areas.The company's interest expenses have remained stable, with no growth in the quarter ended September 2023 compared to a -25.00% growth in the previous quarter. This has resulted in an improved operating profit margin (excluding other income) for the company.
According to MarketsMOJO, a leading financial analysis platform, the stock call for Karma Energy Ltd is 'Hold'. The company's financial performance in the quarter ended September 2023 has been positive, with a score of 12 compared to 5 in the previous quarter. This indicates a positive trend for the company in the near future.
Some of the key factors contributing to Karma Energy Ltd's positive financial performance in the quarter ended September 2023 include a 119.23% year-on-year growth in profit before tax (PBT) excluding other income, making it the highest in the last five quarters. The company's operating profit (PBDIT) has also shown a positive trend, with the highest value of Rs 4.19 crore in the last five quarters. Additionally, the company's PBT and profit after tax (PAT) have also shown an upward trend, with the highest values of Rs 3.42 crore and Rs 2.57 crore respectively in the last five quarters.
Overall, Karma Energy Ltd's financial results for the quarter ended September 2023 have been positive, indicating a promising future for the company in the power industry. Investors can keep a 'Hold' position on the stock, as suggested by MarketsMOJO.
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