KPI Green Energy Reports Positive Financial Results for Q1 2024, Stock Given 'Hold' Call.

KPI Green Energy, a midcap company in the industrial equipment industry, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, KPI Green Energy has shown positive performance in the quarter, with a score of 11 out of 20. This is an improvement from the previous quarter's score of 20. The company's Profit After Tax (PAT) for the half-yearly period has grown by 40.81% year on year, indicating a strong trend in the near term. Similarly, the Net Sales for the quarter have shown a growth of 26.2% compared to the average of the previous four quarters. This positive trend is also reflected in the Profit Before Tax less Other Income (PBT) for the quarter, which has grown by 20.2% over the average of the previous four quarters.

However, there are some areas that need improvement for KPI Green Energy. The company's interest cost for the half-yearly period has increased by 25.41%, indicating a rise in borrowings. Additionally, the Non-Operating Income for the quarter has seen a significant increase, which may not be sustainable in the long run.

Overall, KPI Green Energy has shown a positive financial performance in the quarter ending March 2024. Investors are advised to hold their stock and keep an eye on the company's future financial reports for any changes in the trend.