Sansera Engineering Reports Positive Financial Results for Q1 2024, Stock Receives 'Hold' Rating
Sansera Engineering, a midcap engineering company, has reported positive financial results for the quarter ending March 2024. The company's PAT has grown by 42.13% year on year and Net Sales have reached a five-quarter high. However, increased interest cost may indicate higher borrowings. MarketsMojo has given the stock a 'Hold' call.
Sansera Engineering, a midcap engineering company, 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 financials, Sansera Engineering has shown positive performance in the quarter, with a score of 8 out of 20, which is an improvement from the previous quarter. The company's Profit After Tax (PAT) for the half-yearly period has grown by 42.13% year on year, indicating a strong trend in the near term. The Net Sales for the quarter have also been the highest in the last five quarters, with a positive growth trend.
However, there are some areas that need improvement for Sansera Engineering. The company's interest cost has increased by 28.56% quarter on quarter, which could signify increased borrowings. This trend has been consistent in the last five quarters, with the interest cost being the highest in the current quarter.
Overall, Sansera Engineering has shown positive financial performance in the quarter ending March 2024. The company's stock has been given a 'Hold' call by MarketsMOJO, indicating a neutral stance for investors. With a strong growth trend in PAT and Net Sales, Sansera Engineering is poised for a promising future in the engineering industry.
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