SAL Automotive Reports Positive Q2 Results, Highest PAT and EPS in 5 Quarters
SAL Automotive, a microcap company in the auto ancillary industry, reported flat performance for Q2 FY24-25 with a score of 0. However, the company's Profit After Tax and Earnings per Share have shown improvement, indicating potential for near-term profitability. Investors are advised to hold onto their stocks as the company works towards growth in the industry.
SAL Automotive, a microcap company in the auto ancillary industry, 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, SAL Automotive's performance for Q2 FY24-25 has remained flat, with a score of 0 compared to -2 in the previous quarter. 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 stands at Rs 1.57 crore, the highest in the last five quarters. This shows a positive trend in the company's near-term profitability. Additionally, the Earnings per Share (EPS) for the quarter is also at its highest in the last five quarters, at Rs 6.54. This indicates that the company has been able to generate higher earnings for its shareholders.
While the overall financial performance may not be impressive, SAL Automotive's profitability and earnings have shown improvement. Investors are advised to hold onto their stocks for now, as the company continues to work towards growth and success in the auto ancillary industry.
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