Microcap engineering company, Amba Enterprises, reports record high sales and profitability in Q2 2024
Amba Enterprises, a microcap engineering company, has reported a positive financial performance in the second quarter of fiscal year 2024-2025. Net sales reached a record high of Rs 86.82 crore, with a growth of 35.19% year on year. Operating profit, profit before tax, and profit after tax also saw significant improvements, leading to a 'Buy' call from MarketsMojo.
Amba Enterprises, a microcap engineering company, has recently announced its financial results for the quarter ending September 2024. The company has shown a positive performance in the second quarter of the fiscal year 2024-2025, with its score improving from 2 to 8 in the last three months.One of the key highlights of the financial report is the increase in net sales, which reached a record high of Rs 86.82 crore in the last five quarters. This represents a growth of 35.19% year on year, indicating a positive sales trend in the near term.
The company's operating profit (PBDIT) also saw a significant improvement, reaching its highest at Rs 3.10 crore in the last five quarters. This reflects a positive trend in the company's operations.
Moreover, Amba Enterprises' profit before tax (PBT) less other income also reached its highest at Rs 2.82 crore in the last five quarters, indicating a positive trend in the company's profitability.
The company's profit after tax (PAT) also saw a significant increase, reaching its highest at Rs 2.03 crore in the last five quarters. This reflects a positive trend in the company's overall financial performance.
Furthermore, Amba Enterprises' earnings per share (EPS) also reached its highest at Rs 1.60 in the last five quarters, showcasing the company's ability to generate higher earnings for its shareholders.
Based on these positive financial results, MarketsMOJO has given a 'Buy' call for Amba Enterprises' stock. With a strong financial performance and positive trends in sales and profitability, Amba Enterprises is poised for growth in the near future.
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