Machino Plastics Reports Strong Financial Performance in Q1 FY25, Receives 'Hold' Call from MarketsMOJO

Machino Plastics, a microcap company in the auto ancillary industry, has recently declared its financial results for the quarter ending June 2024. The company has received a ‘Hold’ call from MarketsMOJO, a leading financial analysis platform.

According to the financials, Machino Plastics has shown positive performance in the quarter, with a score of 14 out of 16. This is a significant improvement from the previous quarter’s score of 16. The company’s Profit Before Tax less Other Income (PBT) has grown by 90.98% year on year, indicating a strong near-term trend. The Net Sales for the quarter were at Rs 95.16 cr, the highest in the last five quarters, with a positive near-term sales trend. Similarly, the Operating Profit (PBDIT) for the quarter was also the highest in the last five quarters at Rs 7.58 cr, with a positive near-term trend. The company’s Profit Before Tax less Other Income (PBT) and Profit After Tax (PAT) were also at their highest in the last five quarters, with positive near-term trends. The Earnings per Share (EPS) for the quarter were at Rs 2.28, indicating an increase in profitability and higher earnings for shareholders.

However, the company’s interest cost has also increased by 42.72% over the previous half-yearly period, which could signify increased borrowings.

Overall, Machino Plastics has shown strong financial performance in the quarter ending June 2024, with positive trends in key indicators. Investors are advised to hold their stocks in the company, as per MarketsMOJO’s recommendation.