Positive Financial Results for M K Proteins in Q3 2024, Indicating Strong Growth Potential
M K Proteins, a microcap company in the solvent extraction industry, has reported a positive financial performance in the quarter ending September 2024. With a growth of 146.99% in net sales and significant improvements in profit before and after tax, the company is showing promising results. MarketsMojo has given a 'Hold' call for its stock, indicating steady performance in the near future.
M K Proteins, a microcap company in the solvent extraction industry, has recently announced its financial results for the quarter ending September 2024. The company has shown a positive performance in this quarter, with a significant improvement in its financial score from -3 to 12 in the last 3 months.According to the financial report, M K Proteins has seen a growth of 146.99% in its net sales, which stands at Rs 33.69 crore. This is a significant improvement from the previous year's sales and indicates a positive trend in the company's sales performance. The profit before tax (PBT) has also shown a remarkable growth of 343.75% at Rs 2.13 crore, while the profit after tax (PAT) has grown by 324.4% at Rs 1.74 crore. These figures reflect a strong financial performance by M K Proteins in the near term.
MarketsMOJO, a leading financial analysis platform, has given a 'Hold' call for M K Proteins' stock based on its financial results. This indicates that the company's stock is expected to perform steadily in the near future. With a positive trend in its sales and profits, M K Proteins is poised for growth in the solvent extraction industry. Investors can keep an eye on this microcap company as it continues to show promising financial results.
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