Madhav Marbles and Granites Reports Mixed Performance in Q1 2024 Financial Results

Madhav Marbles and Granites, a microcap company in the ceramics and allied industry, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.

According to the financial report, Madhav Marbles has shown a flat performance in the last quarter, with a score of 2 compared to -18 in the previous quarter. However, there are some positive aspects to the company's financials.

The Profit After Tax (PAT) for the quarter has seen a significant growth of 245.2% year on year, reaching Rs 1.45 crore. This is the highest PAT in the last five quarters, indicating a positive trend in the company's profitability. The Earnings per Share (EPS) for the quarter has also shown an increase, reaching its highest at Rs 1.62 in the last five quarters. This shows that the company has been able to generate higher earnings for its shareholders.

On the other hand, the Non Operating Income for the quarter is 155.06% of the Profit Before Tax (PBT). This suggests that the company's income from non-business activities is high, which may not be a sustainable business model. The Non Operating Income for the quarter is also the highest in the last five quarters, indicating a potential risk for the company's financial stability.

Overall, Madhav Marbles and Granites has shown a mixed performance in the last quarter, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.