Olympic Oil Industries Reports Positive Financial Results for Q2 2024-25
Olympic Oil Industries has reported a flat performance for the second quarter of fiscal year 2024-25, with a positive trend in operating profit, profit before tax, profit after tax, and earnings per share. However, MarketsMojo has given a 'Sell' call for the company's stock, indicating potential external factors to consider before investing.
Olympic Oil Industries, a microcap trading company, has recently announced its financial results for the quarter ending September 2024. The company has reported a flat performance for the second quarter of the fiscal year 2024-25, with no significant changes in the last three months.According to the financial report, Olympic Oil Industries has shown a positive trend in its operating profit (PBDIT), profit before tax (PBT) less other income, profit after tax (PAT), and earnings per share (EPS) for the quarter. The company's operating profit for the quarter was the highest in the last five quarters, at Rs -0.05 crore. Similarly, the PBT and PAT were also at their highest in the last five quarters, indicating a positive trend in the company's profitability.
The EPS for the quarter was reported at Rs -0.18, which is the highest in the last five quarters. This shows that Olympic Oil Industries has been able to generate higher earnings for its shareholders, indicating a promising future for the company.
However, despite the positive financial results, MarketsMOJO has given a 'Sell' call for Olympic Oil Industries' stock. This could be due to various factors that are not reflected in the financial report, such as market conditions and competition in the trading industry.
Overall, Olympic Oil Industries has shown a stable financial performance for the quarter ending September 2024, with a positive trend in its profitability. Investors should carefully consider all factors before making any investment decisions.
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