Samtex Fashion Shows Positive Growth in Q1 2024 Financial Results

Aug 13 2024 11:45 AM IST
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Samtex Fashion, a microcap company in the textile industry, has announced its financial results for the quarter ending March 2024. Despite a 'Sell' call by MarketsMojo, the company has shown improvement in its overall score, with positive trends in Profit Before Tax, Profit After Tax, and Earnings per Share.
Samtex Fashion, a microcap company in the textile industry, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

Despite a flat performance in the quarter, Samtex Fashion has shown improvement in its overall score, which has increased from 0 to 3 in the last three months. This indicates positive growth for the company.

One of the key factors contributing to this growth is the company's Profit Before Tax (PBT) less Other Income, which was at its highest in the last five quarters at Rs -0.12 crore. This shows a positive trend in the near term for PBT.

Similarly, the company's Profit After Tax (PAT) has also shown improvement, with the highest figure of Rs -0.12 crore in the last five quarters. This indicates a positive trend in the near term for PAT.

Moreover, Samtex Fashion's Earnings per Share (EPS) has also seen an increase, with the highest figure of Rs -0.02 in the last five quarters. This shows that the company has been able to generate higher earnings for its shareholders.

Overall, Samtex Fashion's financial results for the quarter ending March 2024 show positive growth and improvement in key areas. Investors should keep an eye on the company's performance in the coming quarters to make informed decisions.
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