Maitri Enterprises Reports Strong Financial Performance in Q1 FY25

Maitri Enterprises, a microcap company in the non-ferrous metal industry, has recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.

According to the financial report, Maitri Enterprises has shown a positive performance in the quarter, with a score of 11 compared to 8 in the previous quarter. This improvement can be attributed to the company’s net sales, which have grown by 152.1% to Rs 7.72 crore, surpassing the average net sales of the previous four quarters at Rs 3.06 crore. This indicates a very positive sales trend in the near term.

Moreover, the company’s net sales for the quarter were the highest in the last five quarters, further highlighting its positive sales trend. Maitri Enterprises also recorded its highest operating profit (PBDIT) at Rs 0.27 crore in the last five quarters, indicating a positive trend in the near term. The same can be seen in the company’s profit before tax (PBT) and profit after tax (PAT), which were also the highest in the last five quarters.

Additionally, Maitri Enterprises has shown an increase in its earnings per share (EPS) at Rs 0.34, creating higher earnings for its shareholders. The company has also been able to settle its debtors faster, with a debtors turnover ratio of 2.17 times in the last five half-yearly periods.

Overall, Maitri Enterprises has shown a strong financial performance in the quarter ending June 2024, with positive trends in key areas. This is a promising sign for the company and its shareholders.