Lokesh Machines Reports Strong Financial Results for Q1 2024, Receives 'Hold' Call from MarketsMOJO
Lokesh Machines, a microcap engineering company, has recently announced its financial results for the quarter ended March 2024. According to the report released on May 22, 2024, the company has shown positive performance in this quarter. MarketsMOJO, a leading stock analysis platform, has given a 'Hold' call for the company's stock.In the last three months, Lokesh Machines has seen a decline in its score from 25 to 14. However, the company's financials for the quarter ended March 2024 have shown promising results. The Profit After Tax (PAT) for the half-yearly period has grown by 79.94% year on year, indicating a strong performance. The net sales for the same period have also shown a growth of 28.41% year on year, reflecting a positive trend in the company's sales.
Moreover, the company's PAT for the half-yearly period is higher at Rs 9.80 crore compared to the preceding 12-month period ended March 2024, which was Rs 9.50 crore. This shows that in just six months, Lokesh Machines has already surpassed its PAT for the entire previous year.
Overall, the financial results for the quarter ended March 2024 have been impressive for Lokesh Machines. With a 'Hold' call from MarketsMOJO, investors can keep a close eye on the company's performance in the coming months.
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