MOIL's Q4 financial results showcase strong growth and profitability, receives 'Buy' call from MarketsMOJO

MOIL, a midcap mining and minerals company, has recently announced its financial results for the quarter ended March 2024. The company has shown a positive performance in this quarter, with its score improving from 0 to 8 in the last 3 months. This is a significant improvement and reflects the company's strong financial position.

One of the key highlights of MOIL's financial results is its Profit After Tax (PAT) for the quarter, which stands at Rs 91.15 crore. This is the highest PAT recorded in the last five quarters, indicating a strong growth trend. Moreover, the company's near-term PAT trend is also positive, which is a good sign for investors.

In addition, MOIL's PAT has grown at a rate of 28.8% over the average PAT of the previous four quarters, which was Rs 70.79 crore. This further showcases the company's increasing profitability and its ability to generate higher earnings for its shareholders.

Another positive aspect of MOIL's financial results is its Earnings per Share (EPS) for the quarter, which stands at Rs 4.48. This is the highest EPS recorded in the last five quarters, indicating a strong performance by the company. With increasing profitability and higher earnings, MOIL is well-positioned to create value for its shareholders.

In conclusion, MOIL's financial results for the quarter ended March 2024 have been impressive, with the company showing a positive trend in its key financial metrics. This has led MarketsMOJO to give a 'Buy' call for MOIL's stock, making it a promising investment opportunity for investors.