Ras Resorts Reports Flat Performance in Q2, But Shows Signs of Growth and Improvement

Oct 26 2024 07:00 PM IST
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Ras Resorts & Apart Hotels, a microcap company in the hotel, resort, and restaurant industry, has reported a flat performance in the second quarter of fiscal year 2024-2025. However, there are positive aspects to the financials, including an increase in Profit After Tax and sales. Investors are advised to hold onto their stocks for now.
Ras Resorts & Apart Hotels, a microcap company in the hotel, resort, and restaurant industry, has recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Ras Resorts has shown a flat performance in the second quarter of the fiscal year 2024-2025. The company's score has decreased from 2 to 1 in the last three months. However, there are some positive aspects to the company's financials.

One of the highlights is the Profit After Tax (PAT) for the nine-month period, which has increased to Rs 0.70 crore compared to the previous 12-month period ending in September 2024, where it was only Rs 0.02 crore. This shows a significant improvement in the company's profitability. Additionally, in just nine months, Ras Resorts has already surpassed its sales from the previous 12 months.

While the company's financial performance may not be as strong as expected, it is still showing signs of growth and improvement. Investors are advised to hold onto their stocks for now, as the company continues to work towards achieving better results in the future.
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