Mahindra EPC Irrigation Reports Positive Financial Results for Q4 2023.

Mahindra EPC Irrigation, a microcap company in the plastic products industry, has recently announced its financial results for the quarter ending December 2023. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Mahindra EPC has shown a positive performance in the quarter, with a score of 19, which is an improvement from the previous score of 11 in the last three months.

One of the key factors contributing to this positive performance is the growth in Profit Before Tax less Other Income (PBT) which has increased by 478.1% to Rs 2.24 crore compared to the average PBT of the previous four quarters which was Rs -0.59 crore. This indicates a very positive trend in the near term for PBT.

Similarly, the Profit After Tax (PAT) has also shown a significant growth of 667.8% to Rs 1.67 crore compared to the average PAT of the previous four quarters which was Rs 0.22 crore. This is another positive trend for the company in the near term.

In terms of sales, Mahindra EPC has recorded its highest net sales of Rs 80.29 crore in the last five quarters, showing a growth of 29.6% compared to the average net sales of the previous four quarters which was Rs 61.94 crore. This indicates a positive trend in the near term for sales.

The company's operating profit (PBDIT) has also shown a positive trend, with the highest recorded at Rs 3.89 crore in the last five quarters. Additionally, the operating profit margin has also improved, reaching its highest at 4.84% in the last five quarters, indicating an improvement in the company's efficiency.

Overall, Mahindra EPC Irrigation has shown a positive financial performance in the quarter ending December 2023, with a strong growth in key areas such as PBT, PAT, net sales, and operating profit. This is a promising sign for the company and its shareholders.