Mehai Technology Reports Positive Financial Results for Q2 2024, Receives 'Hold' Rating from MarketsMOJO

Mehai Technology, a microcap company in the electric equipment industry, has recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO. According to the financial report, Mehai Technology has shown positive performance in the second quarter of the fiscal year 2024-2025. The company's score has improved from 4 to 17 in the last three months. One of the key factors contributing to this positive performance is the company's net sales, which have reached a record high of Rs 10.17 crore in the last five quarters. The sales trend in the near term is also positive, indicating a potential for continued growth. Mehai Technology has also seen a significant improvement in its operating profit (PBDIT), which has reached its highest at Rs 1.44 crore in the last five quarters. The company's operating profit margin has also increased to 14.16%, showcasing improved efficiency. In terms of profitability, Mehai Technology has shown a positive trend in its profit before tax (PBT) and profit after tax (PAT), with both reaching their highest at Rs 1.12 crore and Rs 0.80 crore respectively in the last five quarters. This has also resulted in an increase in the company's earnings per share (EPS) to Rs 0.27, indicating a higher return for shareholders. Overall, Mehai Technology's financial results for the quarter ending September 2024 have been promising, with positive trends in key areas. With a 'Hold' call from MarketsMOJO, investors may want to keep an eye on this microcap company in the electric equipment industry.