Shradha AI Tech Reports Strong Financial Performance in Q1 2024, Receives 'Sell' Call from MarketsMOJO

Shradha AI Technologies, a microcap company in the trading industry, has recently announced its financial results for the quarter ending March 2024. The results have been declared on May 31, 2024 and have received a 'Sell' call from MarketsMOJO. Despite being a microcap company, Shradha AI Tech has shown a very positive financial performance in the quarter. The company's score has improved from 8 to 20 in the last 3 months, indicating a significant growth. One of the key factors contributing to this growth is the net sales, which have shown a remarkable increase of 123.01% year on year, reaching Rs 8.14 crore. This is a clear indication of the company's strong sales trend. Moreover, the company's Profit After Tax (PAT) has also seen a significant growth of 641.18% year on year, reaching Rs 3.78 crore. This is a very positive trend for Shradha AI Tech and shows its strong financial performance. In fact, the company's PAT for the half-year period is higher at Rs 3.78 crore compared to the preceding 12 months ended March 2024, which was Rs 3.13 crore. This shows that in just half a year, Shradha AI Tech has already surpassed its PAT for the entire previous year. Overall, the financial results for the quarter ending March 2024 have been very positive for Shradha AI Technologies. However, investors should take note of the 'Sell' call given by MarketsMOJO and make informed decisions based on their own research and analysis.