Osiajee Texfab Reports Strong Financial Performance in Q2 FY25

Oct 22 2024 08:46 PM IST
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Osiajee Texfab has reported a steady financial performance for the quarter ending September 2024, despite challenges in the textile industry. The company's operating profit, profit before tax, profit after tax, and earnings per share are all at their highest in the last five quarters, indicating a positive trend in the near term.

Despite a challenging quarter for the textile industry, Osiajee Texfab has managed to maintain a steady financial performance for the quarter ending September 2024. The company recently declared its financial results on October 22, 2024, with a score of 4, showing an improvement from the previous quarter’s score of -6.

One of the key highlights of the financial report is the company’s operating profit (PBDIT) for the quarter, which stands at Rs 0.51 crore, the highest in the last five quarters. This indicates a positive trend in the near term for Osiajee Texfab. Similarly, the profit before tax less other income (PBT) for the quarter is also at its highest in the last five quarters, at Rs 0.52 crore. This shows a positive trend in the near term for the company’s PBT.


The profit after tax (PAT) for the quarter is also at its highest in the last five quarters, at Rs 0.53 crore. This reflects a positive trend in the near term for the company’s PAT. Additionally, the earnings per share (EPS) for the quarter is at its highest in the last five quarters, at Rs 0.98. This indicates an increasing profitability for Osiajee Texfab, creating higher earnings for its shareholders.


Despite the current market conditions, MarketsMOJO has given a ‘Sell’ call for Osiajee Texfab’s stock. However, based on the company’s financial performance for the quarter ending September 2024, it is evident that Osiajee Texfab is making strides towards growth and profitability in the textile industry.


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