Virat Crane Industries Reports Strong Financial Performance in Q1 2024
Virat Crane Industries, a microcap FMCG company, has recently announced its financial results for the quarter ending March 2024. The company has shown a very positive performance, with its score improving from 8 to 21 in the last 3 months.One of the key highlights of the financial report is the growth in Profit Before Tax less Other Income (PBT) for the quarter. At Rs 4.00 crore, it has seen a significant increase of 85.0% compared to the average PBT of the previous four quarters, which was Rs 2.16 crore. This indicates a very positive trend in the near term for PBT.
Similarly, the Profit After Tax (PAT) for the quarter has also shown a remarkable growth of 145.4% compared to the average PAT of the previous four quarters. This is a clear indication of the company's strong financial performance in the near term.
Another positive aspect of the financial report is the Operating Profit (PBDIT) for the quarter, which is the highest in the last five quarters at Rs 4.25 crore. This shows a positive trend in the near term for the company's operating profit.
Moreover, the Operating Profit Margin for the quarter is also at its highest in the last five quarters, standing at 11.79%. This indicates an improvement in the company's efficiency.
Overall, Virat Crane Industries has shown a positive trend in its financial performance for the quarter ending March 2024. With the highest PBT and PAT in the last five quarters, along with a strong EPS of Rs 1.96, the company has created higher earnings for its shareholders. Based on these impressive financial results, MarketsMOJO has given a 'Buy' call for Virat Crane Industries' stock.
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