K&R Rail Engineering Reports Strong Financial Results for Q2 2024

Nov 13 2024 04:48 PM IST
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K&R Rail Engineering, a microcap company in the capital goods industry, has reported its financial results for the second quarter of fiscal year 2024-2025. The company's PBT and PAT have shown significant growth, indicating a positive trend in the near term. Investors should monitor the company's performance in the coming quarters.
K&R Rail Engineering, a microcap company in the capital goods industry, has recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, K&R Rail Engineering has shown a flat performance in the second quarter of the fiscal year 2024-2025. However, there has been a significant improvement in the company's score, which has increased from -2 to 5 in the last three months.

One of the key factors contributing to this improvement is the company's Profit Before Tax (PBT) less Other Income, which has grown by 422.6% to Rs 6.65 crore compared to the average PBT of the previous four quarters, which was Rs 1.27 crore. This indicates a very positive trend in the near term for PBT.

Similarly, the Profit After Tax (PAT) for the quarter has also shown a significant growth of 235.5% to Rs 4.94 crore compared to the average PAT of the previous four quarters, which was Rs 1.47 crore. This also reflects a very positive trend in the near term for PAT.

Overall, K&R Rail Engineering has shown promising financial results for the quarter ending September 2024, with a strong growth in both PBT and PAT. Investors should keep an eye on the company's performance in the coming quarters to make informed decisions about their investments.
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