Krishanveer Forge's Financial Report Shows Mixed Results for Q3 2024

Nov 12 2024 04:57 PM IST
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Krishanveer Forge, a microcap company in the castings and forgings industry, reported a flat performance for the quarter ending September 2024 with a score of 5 out of 14. However, the company's Profit After Tax (PAT) for the half-yearly period has shown a significant growth of 101.35%. Net sales for the quarter have decreased by -9.8%, indicating a negative trend in the near term. Investors should monitor the company's future financial reports for any improvements.

Krishanveer Forge, a microcap company in the castings and forgings industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Krishanveer Forge's performance for the quarter was flat, with a score of 5 out of 14. However, there are some positive aspects to the company's financials. The Profit After Tax (PAT) for the half-yearly period has shown a growth of 101.35% compared to the previous year. This is a very positive trend for the company.

On the other hand, the net sales for the quarter have fallen by -9.8% compared to the average net sales of the previous four quarters. This indicates a negative trend in the near term for the company's sales.

Despite the mixed financial performance, Krishanveer Forge remains a microcap company in the castings and forgings industry. Investors should keep an eye on the company's future financial reports to see if there are any improvements in its performance.
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