Manaksia Aluminium Company Reports Mixed Financial Results for Q3 2023

Manaksia Aluminium Company, a microcap company in the non-ferrous metal industry, has recently announced its financial results for the quarter ending December 2023. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Manaksia Aluminium has seen a negative performance in the quarter, with a score of -6, which has improved from -7 in the last three months. However, there are some positive aspects to the company's financials.

The company's operating profit (PBDIT) for the quarter was the highest in the last five quarters at Rs 9.20 crore. The near-term trend for operating profit is also positive. Additionally, the operating profit margin for the quarter was the highest in the last five quarters at 8.89%, indicating an improvement in the company's efficiency.

On the other hand, there are some areas of concern for Manaksia Aluminium. The operating profit to interest ratio for the quarter was the lowest in the last five quarters at 1.58 times, showing a decline in the company's ability to manage interest payments. The interest cost for the half-yearly period has also increased by 24.30%, indicating a rise in borrowings. Furthermore, the profit after tax (PAT) for the nine-month period has decreased by 35.00% year on year, and the near-term trend for PAT is negative.

Overall, Manaksia Aluminium Company's financial performance for the quarter ending December 2023 has been mixed, with some positive and negative aspects. Investors are advised to carefully consider these factors before making any investment decisions.