Ruchi Infrastructure Reports Flat Performance, But Shows Promising Growth in Profit and Sales

May 21 2024 10:15 PM IST
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Ruchi Infrastructure, a microcap company in the refined oil and vanaspati industry, has announced its financial results for the quarter ending March 2024. While the company's performance remained flat, there has been a significant improvement in its overall score. The financial report also highlights a 189.05% increase in PAT and a 22.25% growth in Net Sales, indicating positive trends in profitability and sales performance. However, MarketsMojo has given a 'Sell' call for the company's stock.
Ruchi Infrastructure, a microcap company in the refined oil and vanaspati industry, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Ruchi Infrastructure's performance for the quarter has remained flat. However, there has been a significant improvement in the company's overall score, which has increased from 1 to 5 in the last three months.

One of the key highlights of the financial report is the growth in Profit After Tax (PAT) for the nine-month period, which stands at Rs 1.87 crore. This marks a 189.05% increase from the previous year, indicating a positive trend in the company's profitability.

Moreover, Ruchi Infrastructure has also recorded its highest quarterly Net Sales in the last five quarters, amounting to Rs 16.98 crore. This represents a 22.25% growth from the same period last year, indicating a positive trend in the company's sales performance.

Overall, the financial results for the quarter ending March 2024 show promising growth for Ruchi Infrastructure. However, it is important to note that MarketsMOJO has given a 'Sell' call for the company's stock, which may be a cause for concern for potential investors.
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