Ansal Housing Reports Outstanding Financial Performance in Q1 2024
Ansal Housing, a microcap real estate company, has reported a significant improvement in its financial performance for the quarter ending March 2024. The company's PBT and PAT have seen remarkable growth, while its Net Sales have also increased. This positive trend in profitability and sales is expected to continue in the near future.
Ansal Housing, a microcap real estate company, has recently announced its financial results for the quarter ending March 2024. The company has received a 'Hold' call from MarketsMOJO, indicating a neutral stance on its stock.According to the financial report, Ansal Housing has shown outstanding performance in the quarter, with a significant improvement in its score from 4 to 30 in the last three months. This growth can be attributed to various factors, as highlighted by the financial data.
The company's Profit Before Tax (PBT) has seen a remarkable growth of 143.2% at Rs 1.08 crore, compared to the average PBT of the previous four quarters, which was at Rs -2.50 crore. This positive trend in PBT is expected to continue in the near future.
Similarly, the Profit After Tax (PAT) has also shown a significant increase of 648.5% at Rs 14.18 crore, compared to the average PAT of the previous four quarters, which was at Rs -2.59 crore. The company's Net Sales have also seen a growth of 59.5% at Rs 146.78 crore, compared to the average Net Sales of the previous four quarters, which was at Rs 92.04 crore. This indicates a positive trend in the company's sales performance.
In fact, the company's Net Sales for the quarter have been the highest in the last five quarters, further strengthening the positive sales trend. The PAT for the quarter has also been the highest in the last five quarters, indicating a positive trend in profitability.
Ansal Housing has also shown an increase in its Earnings per Share (EPS) at Rs 2.82, which is the highest in the last five quarters. This shows that the company has been able to create higher earnings for its shareholders.
Overall, Ansal Housing has shown a strong financial performance in the quarter ending March 2024, with positive trends in PBT, PAT, and Net Sales. This is a promising sign for the company and its shareholders.
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