Quasar India Reports Positive Financial Performance in Q1 FY25, Indicates Growth Potential

Quasar India, a microcap trading company, has recently announced its financial results for the quarter ending March 2024. The results, declared on August 10, 2024, have received a ‘Sell’ call from MarketsMOJO.

Despite this, Quasar India has shown positive financial performance in the quarter, with a score improvement from 6 to 15 in the last three months. This is a promising sign for the company, indicating growth and potential for the future.

One of the key factors contributing to this positive performance is the increase in net sales. In the last five quarters, Quasar India has recorded its highest net sales of Rs 11.24 crore, with a growth rate of 23.3% over the average net sales of the previous four quarters. This trend is expected to continue in the near term.

The company has also seen a significant increase in its operating profit, with the highest recorded at Rs 1.09 crore in the last five quarters. Similarly, the profit before tax less other income has also shown a positive trend, with the highest recorded at Rs 1.04 crore in the last five quarters.

Moreover, Quasar India has also reported its highest profit after tax of Rs 0.77 crore in the last five quarters, indicating a positive trend in its profitability. This has also resulted in an increase in earnings per share, with the highest recorded at Rs 1.44 in the last five quarters.

Overall, Quasar India’s financial results for the quarter ending March 2024 have shown promising growth and profitability. With a positive trend in its sales and profits, the company is expected to continue its upward trajectory in the near future.