Raj Oil Mills Announces Strong Financial Results for Quarter Ending December 2023

Feb 14 2024 06:20 PM IST
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Raj Oil Mills, a microcap company in the solvent extraction industry, has announced its financial results for the quarter ending December 2023. Despite a 'Strong Sell' stock call from MarketsMojo, the company's operating profit, operating profit margin, and earnings per share were the highest in the last five quarters, indicating improved efficiency and profitability.
Raj Oil Mills, a microcap company in the solvent extraction industry, recently announced its financial results for the quarter ending December 2023. The results have been declared on February 14, 2024.

According to MarketsMOJO, a leading financial analysis platform, the stock call for Raj Oil Mills is currently 'Strong Sell'. However, the company has shown a flat financial performance in the last quarter, with a score of 3 out of -3 in the last 3 months.

Despite this, there are some positive aspects to Raj Oil Mills' financials for the quarter ending December 2023. The company's operating profit (PBDIT) for the quarter was the highest in the last five quarters, at Rs 1.71 crore. The near-term trend for operating profit is also positive. Additionally, the company's operating profit margin for the quarter was the highest in the last five quarters, at 4.80%. This indicates an improvement in the company's efficiency.

Furthermore, Raj Oil Mills' earnings per share (EPS) for the quarter was the highest in the last five quarters, at Rs 0.71. This shows an increase in profitability and the company's ability to generate higher earnings for its shareholders.

Overall, while the stock call for Raj Oil Mills may be 'Strong Sell' according to MarketsMOJO, the company has shown some positive signs in its financial performance for the quarter ending December 2023. Investors may want to keep an eye on the company's future financial results to see if these positive trends continue.
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