Arrow Greentech's Q3 financial results show strong growth in sales and profits

Arrow Greentech, a smallcap company in the plastic products industry, has recently declared its financial results for the quarter ending September 2024. The company has shown a very positive performance in this quarter, with a score of 29, which is an improvement from the previous score of 21 in the last 3 months.

One of the key highlights of the financial results is the significant growth in net sales, which has increased by 122.66% year on year to Rs 64.84 crore. This indicates a very positive sales trend in the near term for the company. Similarly, the profit before tax (PBT) has also shown a remarkable growth of 253.46% year on year to Rs 24.53 crore, indicating a very positive trend in the near term. The profit after tax (PAT) has also seen a significant growth of 265.9% year on year to Rs 18.66 crore, further strengthening the positive trend for the company.

Another positive aspect of the financial results is the operating cash flow, which has been the highest at Rs 18.38 crore and has grown each year in the last three years. This indicates that the company has generated higher cash revenues from its business operations.

However, there is one area that needs attention, which is the non-operating income. It has been the highest at Rs 1.14 crore in the last five quarters, which may not be sustainable as it comes from non-business activities.

Overall, the financial results of Arrow Greentech for the quarter ending September 2024 have been very positive, with strong growth in net sales, PBT, and PAT. The company has also shown a consistent increase in operating cash flow, which is a good sign for its financial stability. Based on these results, MarketsMOJO has given a 'Hold' call for the company's stock.