Lloyds Engineering Works Reports Strong Financial Performance in Q1 2024

May 02 2024 08:45 PM IST
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Lloyds Engineering Works has reported a significant increase in Profit Before Tax and Profit After Tax in the first quarter of 2024, with a 67.63% growth in Half Yearly Net Sales. MarketsMojo has given a 'Buy' call for the company, indicating confidence in its financial performance and improved score.

Overall, Lloyds Engineering Works has shown a strong financial performance in the first quarter of 2024. The company's Profit Before Tax has grown by 120.63% compared to the same quarter last year, while Profit After Tax has seen a significant increase of 229.1%. This positive trend is also reflected in the company's Half Yearly Net Sales, which has grown by 67.63% compared to the previous year.

MarketsMOJO has given a 'Buy' call for Lloyds Engineering Works, indicating confidence in the company's financial performance. The company's score has also improved from 33 to 23 in the last 3 months, further highlighting its positive growth.

However, there are some areas that need attention, such as the increase in Non Operating Income, which may not be sustainable in the long term. But overall, Lloyds Engineering Works has shown a strong and positive financial performance in the first quarter of 2024.

Investors can take note of Lloyds Engineering Works' impressive financial results and the 'Buy' call from MarketsMOJO. With a strong track record and positive growth, the company is a promising midcap player in the Iron and Steel industry.
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