Utique Enterprises Reports Positive Financial Results for Q3, Highest PAT in 5 Quarters

Utique Enterprises, a microcap finance company, has recently announced its financial results for the quarter ending September 2024. The company has shown a positive performance in this quarter, with a score of 9 compared to -2 in the previous quarter.

According to the financials, Utique Enterprises has seen a significant growth in its Profit After Tax (PAT) for the quarter, which has increased by 1500.0% to Rs 1.36 crore from an average of Rs 0.09 crore in the previous four quarters. This shows a very positive trend in the company's near term PAT.

The company's Net Sales for the half-yearly period have also shown a growth of 21.82% year on year, reaching Rs 60.35 crore. This indicates a positive trend in the company's sales performance in the near term.

Utique Enterprises has also achieved its highest PAT in the last five quarters, standing at Rs 1.36 crore. This further strengthens the positive trend in the company's near term PAT.

The company's Earnings per Share (EPS) for the quarter have also shown an increase, reaching its highest at Rs 0.24 in the last five quarters. This indicates an increasing profitability and higher earnings for shareholders.

However, the company's Non Operating Income for the quarter is 122.12% of its Profit Before Tax (PBT). This suggests that the company's income from non-business activities is high, which may not be a sustainable business model.

MarketsMOJO has given a 'Strong Sell' call for Utique Enterprises' stock, based on its financial performance. With the company's positive financial results for the quarter, it will be interesting to see how it performs in the future.