Starlog Enterprises Reports Positive Financial Results for Q2 2024, Despite 'Sell' Call by MarketsMOJO
Starlog Enterprises, a microcap company in the engineering industry, has announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMojo, despite showing a flat performance in the second quarter. However, the company's financials have shown positive trends with an increase in EPS and PAT, indicating a steady growth path.
Starlog Enterprises, a microcap company in the engineering industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.According to the financial report, Starlog Enterp. has shown a flat performance in the second quarter of the fiscal year 2024-2025. However, there has been a significant improvement in the company's score, which has increased from -4 to 2 in the last three months.
The company's financials for the quarter ending September 2024 have shown some positive trends. The earnings per share (EPS) for the quarter were the highest in the last five quarters, at Rs 20.20. This indicates an increase in profitability and the company's ability to generate higher earnings for its shareholders.
Moreover, the profit after tax (PAT) for the nine-month period ending September 2024 was higher at Rs 3.26 crore compared to the preceding 12-month period, which stood at Rs 1.55 crore. This shows that the company has already surpassed its sales from the previous year in just nine months.
Despite the positive financial results, MarketsMOJO has given a 'Sell' call for Starlog Enterprises' stock. This could be due to various factors such as market conditions or the company's future prospects. However, based on the current financials, Starlog Enterprises seems to be on a steady growth path.
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