Navneet Education Reports Positive Financial Results for Q1 2024, Receives 'Hold' Call from MarketsMOJO.

Navneet Education, a smallcap company in the printing and publishing industry, has recently announced its financial results for the quarter ending March 2024. The company has received a 'Hold' call from MarketsMOJO, a leading financial analysis platform.

According to the financial report, Navneet Education has shown a positive performance in the quarter, with a score improvement from -12 to 12 in the last three months. This is a significant growth for the company, indicating a strong financial position.

One of the key factors contributing to this growth is the Profit Before Tax (PBT) less Other Income, which has increased by 86.11% year on year to Rs 53.88 crore. The near-term trend for PBT is also very positive, showing potential for further growth.

Another positive aspect is the Profit After Tax (PAT), which has grown by 108.2% year on year to Rs 47.81 crore. This is a significant improvement and the near-term trend for PAT is also positive.

However, there are some areas that need attention. The interest cost has increased by 37.02% quarter on quarter to Rs 4.96 crore, indicating increased borrowings. Additionally, the non-operating income has reached its highest in the last five quarters at Rs 4.59 crore. This may not be sustainable as it comes from non-business activities.

Overall, Navneet Education has shown a strong financial performance in the quarter ending March 2024. With a 'Hold' call from MarketsMOJO, investors may want to keep an eye on the company's future performance.