Precision Wires India Reports Positive Financial Performance in Q1 2024.
Precision Wires India, a smallcap company in the non-ferrous metal industry, has recently announced its financial results for the quarter ending March 2024. According to MarketsMOJO, the stock call for the company is 'Hold'.The company has shown a positive financial performance in the quarter, with its score improving from 5 to 19 in the last 3 months. This can be attributed to several factors, including the company's ability to manage interest payments, as seen in its highest Operating Profit to Interest ratio of 4.69 times in the last five quarters.
Moreover, the company's Profit Before Tax less Other Income (PBT) has also shown a positive trend, with the highest value of Rs 29.36 crore in the last quarter and a growth of 62.84% year on year. Similarly, the Profit After Tax (PAT) has also grown by 70.3% year on year, with the highest value of Rs 21.92 crore in the last quarter.
The company's net sales have also shown a positive trend, with the highest value of Rs 883.99 crore in the last five quarters. This indicates a positive sales trend in the near term. Additionally, the Operating Profit (PBDIT) has also shown a positive trend, with the highest value of Rs 43.24 crore in the last five quarters.
The company's efficiency has also improved, as seen in its highest Operating Profit Margin of 4.89% in the last five quarters. This indicates that the company is able to generate higher profits from its operations. Furthermore, the company's Profit After Tax (PAT) has also shown a positive trend, with the highest value of Rs 21.92 crore in the last five quarters.
In terms of earnings per share (EPS), the company has shown a positive trend, with the highest value of Rs 1.23 in the last five quarters. This indicates that the company has been able to create higher earnings for its shareholders.
Overall, Precision Wires India has shown a positive financial performance in the quarter ending March 2024, with several key indicators showing a positive trend. This is a promising sign for the company and its shareholders.
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