Uravi T & Wedge's Q4 Financial Results Show Mixed Performance

May 23 2024 06:00 PM IST
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Uravi T & Wedge, an auto ancillary company, has reported a flat performance in the quarter ending March 2024. However, there is a growth in profits and sales for the nine-month period compared to the previous 12 months. On the other hand, the company's net sales for the quarter have decreased by 29.96% year on year. MarketsMojo has given a 'Sell' call for the company's stock based on these financials. Investors should conduct their own research before making any investment decisions.
The auto ancillary company, Uravi T & Wedge, has recently announced its financial results for the quarter ending March 2024. According to the data released on May 23, 2024, the company has seen a flat performance in this quarter. The score has fallen from 4 to -2 in the last three months.

However, there are some positive aspects to the financials of Uravi T & Wedge. The company's Profit After Tax (PAT) for the nine-month period is higher at Rs 1.51 crore compared to the previous 12-month period ending in March 2024, which was Rs 1.28 crore. This indicates a growth in profits for the company. Additionally, in the nine-month period, the company has already surpassed its sales from the previous 12 months.

On the other hand, there are some concerning factors in the financials of Uravi T & Wedge. The company's Net Sales for the quarter ending March 2024 has fallen by 29.96% year on year, standing at Rs 11.08 crore. This indicates a negative trend in sales in the near term.

Based on these financials, MarketsMOJO has given a 'Sell' call for Uravi T & Wedge's stock. It is important to note that this article is based on facts and does not include any external data or sources. It is important for investors to conduct their own research and analysis before making any investment decisions.
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