Lokesh Machines Reports Strong Financial Performance in Q1 FY25

Lokesh Machines, a microcap engineering company, has recently announced its financial results for the quarter ended June 2024. The company has shown positive performance in this quarter, with a score of 14 out of 25, compared to 25 in the previous quarter.

According to the financial report, Lokesh Machines has seen a significant growth in its Profit After Tax (PAT) for the half-yearly period, which stands at Rs 9.80 crore, showing a 79.94% increase compared to the same period last year. This indicates a very positive trend in the near term for the company’s PAT.

The company has also shown growth in its Net Sales for the half-yearly period, which stands at Rs 166.83 crore, showing a 28.41% increase compared to the same period last year. This also indicates a positive trend in the near term for the company’s sales.

Moreover, Lokesh Machines has surpassed its PAT for the previous 12-month period ended March 2024, which was Rs 9.50 crore, by reporting a higher PAT of Rs 9.80 crore in just the half-year period. This shows a strong financial performance by the company in the first half of the year.

Based on these financial results, MarketsMOJO has given a ‘Sell’ call for Lokesh Machines’ stock. However, it is important to note that this is not a recommendation and should not be considered as such. This news article is purely based on the facts and financial performance of the company, without any external influence.