Saint-Gobain Sekurit India's Q3 financials show mixed results, MarketsMOJO advises 'Hold' on stock
Saint-Gobain Sekurit India, a smallcap company in the glass industry, has released its financial results for the quarter ending December 2023. The company's stock has been given a 'Hold' call by MarketsMojo. While the quarter's performance has remained flat, there has been a 21.97% growth in PAT and a high Non-Operating Income, indicating a mixed outlook for the company.
Saint-Gobain Sekurit India, a smallcap company in the glass industry, has recently announced its financial results for the quarter ending December 2023. According to the report released on January 30, 2024, the company's stock has been given a 'Hold' call by MarketsMOJO.
The financial performance of Saint-Gobain Sekurit India for the quarter has remained flat, with a score of 4 out of 12 in the last 3 months. However, there are some positive aspects to the company's performance based on the December 2023 financials. The Profit After Tax (PAT) for the half-yearly period has shown a growth of 21.97% year on year, reaching Rs 16.88 crore. This indicates a positive trend in the near term for the company's PAT.
On the other hand, the Non-Operating Income for the quarter has been the highest in the last five quarters, at Rs 2.49 crore. While this may seem like a positive aspect, it is important to note that this income is from non-business activities and may not be sustainable in the long run.
Overall, Saint-Gobain Sekurit India's financial results for the quarter ending December 2023 have been neutral, with some positive and negative aspects. Investors are advised to hold their stock for now, as recommended by MarketsMOJO.
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