Precision Electronics Reports Outstanding Q1 Results, Receives 'Hold' Call from MarketsMOJO

Precision Electronics, a microcap company in the electronics components industry, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Precision Electronics has shown outstanding performance in the first quarter of 2024. The company's score has improved from 22 to 32 in the last three months, indicating positive growth.

One of the key factors contributing to this growth is the Profit Before Tax less Other Income (PBT) which has seen a significant increase of 354.29% year on year. The near-term trend for PBT is also very positive. Similarly, the Profit After Tax (PAT) has also shown a growth of 387.5% year on year, with a positive near-term trend.

The company's Net Sales have also increased by 41.92% year on year, with a positive near-term trend. Additionally, the Operating Profit (PBDIT) for the quarter is the highest in the last five quarters, indicating a positive trend. The Operating Profit Margin has also improved, reaching its highest at 16.69% in the last five quarters, showcasing the company's efficiency.

Furthermore, the company's PBT and PAT for the quarter are also the highest in the last five quarters, with a positive near-term trend. The Earnings per Share (EPS) have also increased, reaching its highest at Rs 1.13 in the last five quarters, indicating a higher profitability and creating value for shareholders.

Overall, Precision Electronics has shown strong financial performance in the first quarter of 2024, with positive trends in key areas. With a 'Hold' call from MarketsMOJO, the company's future looks promising.