Taneja Aerospace & Aviation Announces Q1 Financial Results, Shows Positive Sales and PAT Growth

Taneja Aerospace & Aviation, a smallcap company in the miscellaneous industry, has recently announced its financial results for the quarter ending June 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Taneja Aerospace has shown a flat performance in the quarter, with a score of 0 compared to -4 in the previous 3 months. However, there are some positive aspects to the company's performance.

The net sales for the quarter were the highest in the last five quarters, at Rs 9.14 crore. This is a 20.4% growth compared to the average net sales of the previous four quarters, indicating a positive trend in sales. Additionally, the profit after tax (PAT) for the quarter was also the highest in the last five quarters, at Rs 3.46 crore. This shows a positive trend in PAT for the company.

On the other hand, the debtors turnover ratio for the half-yearly period was the lowest in the last five periods, at 3.59 times. This suggests that the company's pace of settling its debtors has slowed down.

Overall, Taneja Aerospace & Aviation has shown a mixed performance in the quarter ending June 2024. While there are some positive trends in sales and PAT, the company needs to work on improving its debtors turnover ratio. Investors are advised to hold their position in the stock for now.