Rudra Global Infra Products Reports Mixed Financial Results for Q1 2024

May 29 2024 06:01 PM IST
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Rudra Global Infra Products, a microcap company in the iron and steel industry, has reported a flat performance for the quarter ending March 2024 with a score of 5 out of 10. The company's Profit After Tax has shown a growth of 43.2%, but interest expenses have also increased by 38.64%. Investors are advised to hold their positions and closely monitor the company's performance.

Rudra Global Infra Products, a microcap company in the iron and steel industry, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Rudra Global's performance for the quarter has been flat, with a score of 5 out of 10. This is a decrease from the previous quarter's score of 10. However, there are some positive aspects to the company's financials.

One of the highlights is the Profit After Tax (PAT) for the quarter, which has shown a growth of 43.2% year on year, reaching Rs 6.02 crore. The near-term trend for PAT is also very positive.

On the other hand, the company's interest expenses have increased by 38.64% quarter on quarter, reaching Rs 4.70 crore. This is the highest interest cost in the last five quarters and indicates increased borrowings by the company.

Overall, Rudra Global's financial performance for the quarter ending March 2024 has been mixed. While there has been growth in PAT, the rising interest cost is a cause for concern. Investors are advised to hold their positions and monitor the company's performance closely.
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