MIC Electronics Reports Positive Financial Results Despite 'Sell' Call from MarketsMOJO

Nov 18 2024 09:47 AM IST
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Despite a 'Sell' call from MarketsMojo, MIC Electronics has shown positive financial performance in the second quarter of FY 2024-2025, with significant growth in net sales and Profit After Tax. The company's near-term sales and PAT trends are also positive, indicating potential for growth in the trading industry.
MIC Electronics, a smallcap company in the trading industry, has recently declared its financial results for the quarter ending September 2024. The company has received a 'Sell' call from MarketsMOJO, a leading financial analysis platform.

Despite the negative stock call, MIC Electronics has shown positive financial performance in the second quarter of the fiscal year 2024-2025. The company's score has improved from 22 to 17 in the last three months.

According to the Sep 2024 financials, MIC Electronics has seen a significant growth in its net sales, which has increased by 57.75% year on year (YoY) to Rs 11.20 crore. The near-term sales trend for the company is also very positive.

Moreover, the company's Profit After Tax (PAT) for the first half of the fiscal year has also shown a growth of 39.73% YoY, amounting to Rs 4.08 crore. The near-term trend for PAT is also positive.

These financial results reflect the company's strong performance and potential for growth in the trading industry. Investors and stakeholders can keep a close eye on MIC Electronics as it continues to make strides in the market.
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