Royale Manor Hotels & Industries Shows Growth in Profitability and Sales in Recent Financial Report
Royale Manor Hotels & Industries, a microcap company in the hotel industry, has announced its financial results for the quarter ending March 2024. Despite a 'Sell' call by MarketsMojo, the company has shown growth in profitability with an increase in Profit After Tax and surpassing its sales from the previous 12 months.
Royale Manor Hotels & Industries, a microcap company in the hotel industry, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO, indicating a decline in its financial performance.According to the financial report, Royale Manor has seen a flat performance in the quarter, with a score of 1 compared to 3 in the previous 3 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 4.04 crore from the preceding 12-month period ending March 2024, where it was at Rs 3.59 crore. This indicates a growth in profitability for the company. Additionally, in the nine-month period, Royale Manor has already surpassed its sales from the previous 12 months.
Despite the 'Sell' call by MarketsMOJO, these financial results show some promising aspects for Royale Manor. It will be interesting to see how the company performs in the upcoming quarters and if it can improve its score.
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