Ultracab India Reports Positive Growth in Q1 2024 Financial Results
Ultracab India, a microcap company in the cable industry, has recently announced its financial results for the quarter ending March 2024. According to the report released on May 17, 2024, the company has shown positive growth in its financial performance.The company's net sales for the quarter have increased by 79.46% year on year, reaching Rs 44.56 crore. This is a significant improvement from the previous quarter, where the company had a score of -3. The near-term sales trend for Ultracab India is also very positive, with the highest net sales in the last five quarters.
In terms of operating profit, Ultracab India has also shown a positive trend. The company's operating profit (PBDIT) for the quarter was the highest in the last five quarters, at Rs 4.39 crore. Similarly, the profit before tax (PBT) less other income for the quarter was also the highest in the last five quarters, at Rs 2.92 crore. This indicates a positive trend in the company's near-term operating profit and PBT.
Ultracab India's profit after tax (PAT) for the quarter was also the highest in the last five quarters, at Rs 1.83 crore. This shows a positive trend in the company's near-term profitability. Additionally, the earnings per share (EPS) for the quarter were the highest in the last five quarters, at Rs 0.19. This indicates that the company has been able to create higher earnings for its shareholders.
Based on these financial results, MarketsMOJO has given a 'Sell' call for Ultracab India's stock. However, it is important to note that this is not a recommendation and should not be considered as such. The information provided is purely fact-based and aims to inform readers about Ultracab India's financial performance for the quarter ending March 2024.
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