Alphageo (India) Reports Impressive Financial Results, Receives 'Hold' Rating from MarketsMOJO

Aug 16 2024 08:48 AM IST
share
Share Via
Alphageo (India) has reported a strong financial performance for the quarter ended Jun 2024, with a 300.36% increase in net sales and a 231.4% growth in profit after tax compared to the previous four quarters. However, the high non-operating income raises concerns about the sustainability of the business model. Despite this, MarketsMojo has given a 'Hold' call for the stock, making it a promising investment option in the oil exploration/refineries industry.

Alphageo (India) has declared its financial results for the quarter ended Jun 2024, showing a very positive performance. The company's net sales for the half year have grown by 300.36% year on year, indicating a strong sales trend. Additionally, the profit after tax for the quarter has also shown a significant growth of 231.4% compared to the average of the previous four quarters. This positive trend in both sales and profit is a promising sign for the company.

However, it is worth noting that the non-operating income for the quarter is 113.26% of the profit before tax. This suggests that the company's income from non-business activities is high, which may not be a sustainable business model in the long run.

Despite this, MarketsMOJO has given a 'Hold' call for Alphageo (India) stock, indicating that it is a good investment option for now. With a microcap size in the oil exploration/refineries industry, Alphageo (India) has shown strong financial performance in the recent quarter, making it a company to watch out for in the future.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
PVV Infra Ltd is Rated Hold by MarketsMOJO
10 minutes ago
share
Share Via
Minaxi Textiles Ltd is Rated Sell
10 minutes ago
share
Share Via
Incap Ltd is Rated Strong Sell
10 minutes ago
share
Share Via
Manugraph India Ltd is Rated Strong Sell
10 minutes ago
share
Share Via
Morarka Finance Ltd is Rated Strong Sell
10 minutes ago
share
Share Via