Raj Oil Mills Reports Strong Financial Performance in Q3 2024

Raj Oil Mills, a microcap company in the solvent extraction industry, has recently announced its financial results for the quarter ending September 2024. The company has shown a positive performance in this quarter, with a significant improvement in its financial score from -9 to 11 in the last three months.

According to the financial report, the company's Profit Before Tax (PBT) has grown by 438.5% to Rs 1.10 crore, compared to the average PBT of the previous four quarters which was at Rs -0.33 crore. This indicates a very positive trend in the near term for PBT. Similarly, the Profit After Tax (PAT) has also shown a growth of 554.5% to Rs 1.08 crore, compared to the average PAT of the previous four quarters which was at Rs 0.17 crore. The company's Operating Profit (PBDIT) has also seen a significant increase, reaching its highest at Rs 1.83 crore in the last five quarters. This shows a positive trend in the near term for Operating Profit.

Moreover, the company's Operating Profit Margin has also reached its highest at 6.00% in the last five quarters, indicating an improvement in the company's efficiency. The PBT and PAT have also reached their highest at Rs 1.10 crore and Rs 1.08 crore respectively in the last five quarters, showing a positive trend in the near term for both.

The company's Earnings per Share (EPS) has also seen an increase, reaching its highest at Rs 0.72 in the last five quarters. This indicates that the company has been able to create higher earnings for its shareholders, showcasing its increasing profitability.

However, despite the positive financial performance, MarketsMOJO has given a 'Strong Sell' call for Raj Oil Mills' stock. It is important for investors to carefully consider all factors before making any investment decisions.