Modern Shares reports growth in PAT and sales for nine-month period

Modern Shares & Stockbrokers, a microcap company in the finance industry, has recently announced its financial results for the quarter ending March 2024. The results, declared on August 8th, have received a 'Sell' call from MarketsMOJO.

According to the financial report, Modern Shares has shown a flat performance in the quarter, with no significant changes in the last three months. However, there are some positive aspects to note from the results.

One of the highlights is the company's Profit After Tax (PAT) for the nine-month period, which has increased to Rs 0.26 crore compared to the previous twelve-month period ending in June 2024, where it was Rs 0.25 crore. This indicates a growth in profitability for the company.

Moreover, in the nine-month period, Modern Shares has already surpassed its sales from the previous twelve months, which is a positive sign for the company's financial health.

While the overall financial performance may not be impressive, these specific areas show potential for growth and improvement for Modern Shares. Investors and stakeholders can keep an eye on the company's progress in the upcoming quarters.