Worth Investment & Trading Company's Q1 2024 Results Show Positive Trend Despite 'Sell' Call
Worth Investment & Trading Company, a microcap finance and NBFC, has released its financial results for the quarter ending March 2024. Despite a 'Sell' call from MarketsMojo, the company's operating profit has increased to Rs 1.10 crore, the highest in five quarters. PAT for the nine-month period also shows strong sales growth. Investors should consider conducting their own research before making any investment decisions.
Worth Investment & Trading Company, a microcap finance and non-banking financial company (NBFC), has recently declared its financial results for the quarter ending March 2024. The results, released on August 14, 2024, have received a 'Sell' call from MarketsMOJO.Despite the negative sentiment from MarketsMOJO, Worth Investment has shown a flat financial performance for the quarter ending June 2024. However, there has been a significant improvement in the company's score, which has increased from -4 to 2 in the last three months.
One of the key highlights of the financial results is the company's operating profit (PBDIT) for the quarter, which stands at Rs 1.10 crore. This is the highest in the last five quarters, indicating a positive trend in the near term. Additionally, the company's profit after tax (PAT) for the nine-month period is higher at Rs 1.58 crore compared to the preceding 12-month period ending June 2024, which was Rs 1.32 crore. This shows a strong growth in sales for the company in the nine-month period.
Overall, the financial results for the quarter ending March 2024 show a positive trend for Worth Investment & Trading Company. However, investors should take note of the 'Sell' call from MarketsMOJO and conduct their own research before making any investment decisions.
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