Selan Explorations Technology Reports Impressive Q2 Results, Receives 'Hold' Rating

Nov 18 2024 09:51 AM IST
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Selan Explorations Technology, a smallcap company in the oil exploration and refineries industry, has reported impressive financial results for the quarter ending September 2024. The company has shown significant growth in key metrics, including a 166.70% year-on-year increase in PBT and a 126.8% growth in PAT. With consistent growth in net sales and improved efficiency and profitability, the company has received a 'Hold' call from MarketsMojo.
Selan Explorations Technology, a smallcap company in the oil exploration and refineries industry, has recently announced its financial results for the quarter ending September 2024. The stock has been given a 'Hold' call by MarketsMOJO.

According to the financials, Selan Explorations Technology has shown outstanding performance in the second quarter of the fiscal year 2024-2025. The company's score has remained consistent in the last three months.

Some key highlights from the September 2024 financials include a 166.70% year-on-year growth in Profit Before Tax less Other Income (PBT), which stands at Rs 25.95 crore. The Profit After Tax (PAT) has also seen a significant growth of 126.8% year-on-year, reaching Rs 21.36 crore. The company's net sales have been consistently growing in the last five quarters, with the latest quarter recording the highest at Rs 68.92 crore, showing a 75.86% year-on-year growth.

Selan Explorations Technology has also shown improvement in its efficiency, with the Operating Profit Margin reaching a high of 39.41% in the last five quarters. The company's profitability has also increased, with the highest Earnings per Share (EPS) of Rs 14.05 in the last five quarters.

Overall, Selan Explorations Technology has displayed a positive trend in its financial performance, with a strong growth in key metrics. Investors are advised to hold their position in the stock, as suggested by MarketsMOJO.
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