Anka India's Q3 financial results show growth
Anka India, a microcap company in the miscellaneous industry, has reported its financial results for the quarter ended September 2023. While net sales have remained flat, the company's standalone net profit has shown a significant growth of 550% quarter-on-quarter. Operating profit has also increased, and the company's half-yearly profit after tax has surpassed the previous 12-month period.
Anka India, a microcap company in the miscellaneous industry, has recently declared its financial results for the quarter ended September 2023. The company's net sales have remained flat in the last few periods, but its standalone net profit has shown a significant growth of 550% quarter-on-quarter. This is a positive sign for the company, especially considering the -50% decline in net profit in the previous quarter.The operating profit (PBDIT) excluding other income has also shown a growth of 66.67% compared to the previous quarter's growth of 25%. However, there has been no interest income for the company in the last few periods, and there is no data available for the operating profit margin (excluding other income).
According to MarketsMOJO, a leading stock analysis platform, the stock call for Anka India is currently 'Strong Sell'. However, the company's financial performance has improved in the last three months, with its score increasing from 0 to 3.
One of the highlights of the financial results is the company's half-yearly profit after tax (PAT), which is higher at Rs 0.21 crore compared to the preceding 12-month period ended September 2023, where the company had a PAT of -0.17 crore. This shows a positive trend for Anka India, as it has already surpassed its PAT for the previous 12 months in just half a year.
Overall, Anka India's financial performance for the quarter ended September 2023 has been flat, but there are some positive signs of growth and improvement. Investors and stakeholders can keep an eye on the company's future performance to see if it continues to show positive results.
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