Subros Reports Impressive Financial Results for Q3, PBT and PAT Show Significant Growth
Subros, a leading player in the auto ancillary industry, has reported a positive financial performance for the quarter ended September 2023. The company's PBT and PAT have shown significant growth of 271.95% and 175.0% respectively, while net sales and operating profit have reached all-time highs. However, areas of improvement include operating cash flow and debtors turnover ratio. With a 'Buy' call from MarketsMojo, Subros is a promising investment option for potential growth and profitability.
Subros, a leading player in the auto ancillary industry, has recently declared its financial results for the quarter ended September 2023. The company has shown a positive performance with a score of 16, which is a significant improvement from 0 in the last 3 months.
One of the key highlights of the financial results is the growth in Profit Before Tax (PBT) by 271.95% year on year, reaching Rs 38.98 crore. This is a clear indication of the company's strong financial performance in the near term. Similarly, the Profit After Tax (PAT) has also shown a growth of 175.0% year on year, reaching Rs 26.76 crore. This trend is expected to continue in the near future, making Subros a promising investment option.
The company's net sales for the quarter have also reached an all-time high of Rs 813.37 crore, which is the highest in the last five quarters. This shows a positive trend in the company's sales performance. Additionally, the Operating Profit (PBDIT) has also reached its highest at Rs 70.23 crore, indicating a positive trend in the company's operational efficiency.
Subros has also shown improvement in its Operating Profit Margin, which has reached its highest at 8.63% in the last five quarters. This is a result of the company's efforts towards improving its efficiency. The company's profitability is further reflected in the highest PBT and PAT in the last five quarters, reaching Rs 38.98 crore and Rs 26.76 crore respectively.
However, there are some areas where Subros needs to focus on, such as its Operating Cash Flow, which has been falling each year in the last three years. The company's Debtors Turnover Ratio has also slowed down, indicating a slower pace in settling its debtors.
Overall, Subros has shown a strong financial performance in the quarter ended September 2023, making it a promising investment option. With a 'Buy' call from MarketsMOJO, investors can consider adding Subros to their portfolio for potential growth and profitability.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
