Advait Infratech Shows Positive Growth in Q1 Results, PAT Increases by 155.33%

Advait Infratech, a smallcap company in the power industry, has recently declared its financial results for the quarter ended June 2024. The company has shown positive performance in this quarter, with a score of 16 out of 20, which is a slight decrease from the previous quarter's score of 20.

One of the key highlights of the financial results is the significant growth in Profit After Tax (PAT) for the half-yearly period, which has increased by 155.33% year on year. This is a very positive trend for the company. Additionally, the Net Sales for the half-yearly period have also shown a growth of 74.97% year on year, indicating a strong sales performance in the near term.

Another positive aspect of the financial results is the company's ability to manage its interest payments, with the Operating Profit to Interest ratio being the highest in the last five quarters at 9.88 times. This shows that the company is improving in its ability to handle interest payments.

However, one area of concern for Advait Infratech is the rising interest cost, which has increased by 43.33% over the preceding nine months period. This signifies an increase in borrowings for the company.

Overall, the financial results for the quarter ended June 2024 show a positive performance for Advait Infratech, with strong growth in PAT and Net Sales. However, the company needs to keep an eye on its interest cost and manage it effectively to maintain its financial stability. MarketsMOJO has given a 'Hold' call for the company's stock, indicating a neutral stance for investors.