Sejal Glass Reports Strong Financial Performance in Q3, Shows Significant Growth in Profit and Sales

Sejal Glass, a microcap company in the textile industry, has recently announced its financial results for the quarter ending September 2024. The company has shown a very positive performance in this quarter, with a significant improvement in its financial score from 7 to 27 in the last 3 months.

According to the financial report, Sejal Glass has seen a growth of 160.44% in its Profit Before Tax less Other Income (PBT) compared to the same quarter last year. The Profit After Tax (PAT) has also shown a growth of 126.9% year on year. The company's net sales have been consistently increasing in the last five quarters, with the highest recorded at Rs 61.57 crore in this quarter, showing a growth of 55.24% year on year.

Sejal Glass has also shown a positive trend in its operating profit, with the highest recorded at Rs 8.36 crore in the last five quarters. The company's ability to manage interest payments has also improved, with the operating profit to interest ratio being the highest in the last five quarters.

However, the company's interest cost has increased by 33.48% over the preceding nine months period, indicating a rise in borrowings. Despite this, Sejal Glass has managed to create higher earnings for its shareholders, with the earnings per share being the highest at Rs 2.43 in the last five quarters.

Based on these financial results, MarketsMOJO has given a 'Hold' call for Sejal Glass stock. With its positive performance and growth, Sejal Glass is definitely a company to watch out for in the textile industry.