Shivam Autotech's Q4 2024 Financial Results Show Positive Performance and Improved Financial Health
Shivam Autotech, a microcap company in the auto ancillary industry, has recently announced its financial results for the quarter ending March 2024. According to the data released on May 28, 2024, the company has shown positive performance in this quarter. This is reflected in the improvement of its score from -1 to 8 in the last three months.One of the key factors contributing to this positive performance is the company's ability to manage its interest payments. In the last five quarters, Shivam Autotech has maintained an operating profit to interest ratio of 0.99 times, which is the highest among all the quarters. This indicates that the company's financial health is improving.
Moreover, the company has also shown a positive trend in its net sales, with the highest recorded at Rs 123.74 crore in the last five quarters. This indicates a strong demand for its products in the market.
In terms of operating profit, Shivam Autotech has recorded its highest figure of Rs 14.94 crore in the last five quarters. This shows that the company's operational efficiency has improved.
The company's profitability has also seen a positive trend, with the highest profit before tax (PBT) less other income recorded at Rs -9.00 crore in the last five quarters. This indicates that the company is on a path towards higher profitability.
Similarly, the profit after tax (PAT) has also shown a positive trend, with the highest figure of Rs -7.82 crore in the last five quarters. This indicates that the company is creating higher earnings for its shareholders.
Overall, Shivam Autotech's financial performance for the quarter ending March 2024 has been positive, as reflected by its improved score and various financial indicators. However, it is important to note that MarketsMOJO has given a 'Sell' call for the company's stock. Investors are advised to do their own research and make informed decisions before investing in the company.
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