National Fittings Reports Positive Financial Performance in Q1 2024
National Fittings, a microcap company in the castings and forgings industry, has recently announced its financial results for the quarter ending March 2024. The stock call by MarketsMOJO for National Fittings is 'Sell'. Despite this, the company has shown a positive financial performance in the quarter, with a score improvement from -6 to 9 in the last 3 months. This is a significant improvement and reflects the company's efforts to strengthen its financials.
One of the key factors contributing to this positive performance is the growth in Profit After Tax (PAT) which has increased by 159.5% year on year, reaching Rs 1.92 crore. The near-term trend for PAT is also very positive. Additionally, the company has recorded its highest Net Sales in the last five quarters, at Rs 21.64 crore, indicating a positive sales trend in the near term.
Furthermore, National Fittings has also achieved its highest PAT in the last five quarters, at Rs 1.92 crore. This is a positive sign for the company's profitability. The Earnings per Share (EPS) for the quarter also reached its highest at Rs 2.11, showcasing the company's ability to generate higher earnings for its shareholders.
Overall, National Fittings has shown a strong financial performance in the quarter ending March 2024, with positive trends in key financial indicators. This reflects the company's efforts to improve its financials and create value for its shareholders.
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