Shri Jagdamba Polymers Reports Strong Financial Performance, Receives 'Buy' Call from MarketsMOJO

Shri Jagdamba Polymers, a microcap company in the packaging industry, has recently announced its financial results for the quarter ending March 2024. The company has received a 'Buy' call from MarketsMOJO, indicating a positive outlook for the stock.

According to the financial report, Shri Jagdamba Pol has shown a significant improvement in its performance, with a score of 14 compared to 7 in the previous quarter. This is a clear indication of the company's growth and potential in the market.

One of the key factors contributing to this positive performance is the increase in net sales, which reached a record high of Rs 121.72 crore in the last quarter. This is the highest net sales the company has achieved in the past five quarters, and the trend is expected to continue in the near future.

Moreover, the company has also shown a growth of 34.5% in net sales compared to the average of the previous four quarters, which was Rs 90.49 crore. This indicates a strong and consistent growth in the company's sales.

In terms of profitability, Shri Jagdamba Pol has also shown a positive trend. The company's profit after tax (PAT) for the quarter was Rs 9.53 crore, the highest in the past five quarters. This shows the company's ability to generate higher earnings for its shareholders.

The earnings per share (EPS) for the quarter was also at its highest, reaching Rs 10.83. This is a positive sign for investors, as it indicates an increase in profitability and potential for higher returns.

Overall, Shri Jagdamba Polymers has shown a strong financial performance in the last quarter, with positive trends in net sales, PAT, and EPS. With a 'Buy' call from MarketsMOJO, the company is expected to continue its growth and deliver good returns for its shareholders.