Advik Capital Reports Strong Financial Results for Q1 FY25, Receives 'Hold' Call from MarketsMOJO

Advik Capital, a microcap company in the electric equipment industry, has recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.

According to the financials, Advik Capital has shown a very positive performance in the quarter, with a significant improvement in its score from 4 to 22 in the last 3 months. This is a clear indication of the company’s growth and progress.

One of the key factors contributing to this growth is the Profit Before Tax less Other Income (PBT) which has shown a remarkable increase of 235.29% year on year, reaching Rs 2.85 crore. The trend for PBT in the near term is also very positive.

Similarly, the Profit After Tax (PAT) has also seen a significant growth of 285.9% year on year, reaching Rs 2.47 crore. The trend for PAT in the near term is also very positive.

The company’s Net Sales have also shown a strong growth of 49.17% year on year, reaching Rs 227.79 crore. This is a clear indication of the company’s increasing sales and demand for its products.

In terms of operating profit, Advik Capital has achieved its highest PBDIT (Profit Before Depreciation, Interest, and Taxes) in the last five quarters, at Rs 4.75 crore. The trend for operating profit in the near term is also positive.

Moreover, the company’s operating profit margin has also reached its highest at 2.09% in the last five quarters, indicating an improvement in efficiency.

Overall, Advik Capital’s financial results for the quarter ending June 2024 have been very positive, with a strong growth in key areas. With a ‘Hold’ call from MarketsMOJO, the company is expected to continue its growth and success in the electric equipment industry.