Anna Infrastructures Reports Growth in Profitability and Sales in Q1 2024

May 29 2024 06:40 PM IST
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Anna Infrastructures, a microcap real estate company, reported its financial results for the quarter ended March 2024. MarketsMojo has given the company a 'Sell' call due to a flat performance with a score of 1 compared to 2 in the previous 3 months. However, the company's Profit After Tax has increased and sales have surpassed the previous 12 months, showing potential for growth in the future.
Anna Infrastructures, a microcap real estate company, recently announced its financial results for the quarter ended March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO, indicating a decline in its financial performance.

According to the financial report, Anna Infrastructures has seen a flat performance in the quarter, with a score of 1 compared to 2 in the previous 3 months. However, there are some positive aspects to the company's financials.

One of the highlights is the Profit After Tax (PAT) for the nine-month period, which has increased to Rs 0.44 crore from the preceding 12-month period ended March 2024 of Rs 0.37 crore. This shows a growth in the company's profitability. Additionally, in the nine-month period, Anna Infrastructures has already surpassed its sales from the previous 12 months.

While the company's financial performance may not be at its best currently, these numbers indicate potential for growth in the future. Investors should keep an eye on Anna Infrastructures and its progress in the real estate industry.
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