Unjha Formulations Shows Strong Growth in Q1 2024 Financial Results

May 17 2024 06:10 PM IST
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Unjha Formulations, a microcap pharmaceutical company, has reported a positive performance in the quarter ending March 2024 with a score improvement from 6 to 8. The company's net sales have grown by 64.96% year on year, indicating a strong sales trend. Its profitability has also improved, with a higher PAT in just half a year compared to the previous 12-month period. MarketsMojo has given a 'Hold' call for the company's stock, suggesting investors monitor its future performance before making any investment decisions.
Unjha Formulations, a microcap pharmaceutical company, has recently announced its financial results for the quarter ending March 2024. The company has shown a positive performance in this quarter, with its score improving from 6 to 8 in the last 3 months according to MarketsMOJO.

One of the key factors contributing to this improvement is the company's net sales, which have grown by 64.96% year on year to reach Rs 9.98 crore. This is a significant increase and indicates a strong sales trend in the near term for Unjha Formulations.

In terms of profitability, the company has also shown a positive trend. Its Profit After Tax (PAT) for the half-yearly period is higher at Rs 0.21 crore compared to the preceding 12-month period ending March 2024, which had a PAT of Rs -0.25 crore. This means that in just half a year, Unjha Formulations has already surpassed its PAT for the entire previous year.

Based on these financial results, MarketsMOJO has given a 'Hold' call for Unjha Formulations' stock. This indicates that while the company's performance is positive, it is not recommended as a strong buy or sell at this time. Investors may want to keep an eye on the company's future performance before making any investment decisions.
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