Quasar India Reports December 2024 Financial Results Highlighting Profit Growth Amid Sales Decline
Quasar India has announced its financial results for the quarter ending December 2024, reporting a Profit After Tax of Rs 2.28 crore, a significant year-on-year increase. However, the company faced challenges with net sales, which declined to Rs 7.40 crore, marking the lowest figure in five quarters.
Quasar India, a microcap company in the trading industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a notable performance in certain areas while highlighting challenges in others.The company achieved a Profit After Tax (PAT) of Rs 2.28 crore for the half-year period, reflecting a significant year-on-year growth of 137.50%. This figure surpasses the PAT of Rs 1.69 crore from the previous twelve months, indicating a strong upward trend in profitability. Additionally, Quasar India recorded its highest Earnings per Share (EPS) of Rs 0.19 in the last five quarters, showcasing an increase in earnings for shareholders.
Conversely, the company faced difficulties in net sales, which amounted to Rs 7.40 crore for the quarter. This figure represents a decline of 26.0% compared to the average net sales of the previous four quarters, marking it as the lowest sales figure in the last five quarters. The near-term sales trend appears to be challenging.
In light of these results, Quasar India has experienced an adjustment in its evaluation, with its score reflecting these recent developments.
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