Ashirwad Steels & Industries Shows Positive Financial Performance in Q1 2024 Despite 'Sell' Call from MarketsMOJO

Ashirwad Steels & Industries, a microcap company in the iron and steel industry, recently announced its financial results for the quarter ending March 2024. The results, declared on May 7, 2024, have received a 'Sell' call from MarketsMOJO.

Despite a flat financial performance in the quarter, Ashirwad Steels has shown improvement with a score of 5 out of 10, compared to 0 in the previous 3 months. This indicates a positive trend for the company.

One of the key factors contributing to this improvement is the operating profit (PBDIT) for the quarter, which stands at Rs 0.59 crore, the highest in the last five quarters. The near-term trend for operating profit is also positive.

Similarly, the profit before tax less other income (PBT) for the quarter is at its highest in the last five quarters, at Rs 0.55 crore. The near-term trend for PBT is also positive.

Ashirwad Steels has also shown a positive trend in its profit after tax (PAT) for the quarter, with the highest figure of Rs 0.90 crore in the last five quarters. The near-term trend for PAT is also positive.

The company's earnings per share (EPS) for the quarter is at its highest in the last five quarters, at Rs 0.72. This indicates an increasing profitability and higher earnings for shareholders.

Overall, Ashirwad Steels & Industries has shown a positive trend in its financial performance for the quarter ending March 2024. However, investors should take note of the 'Sell' call from MarketsMOJO and make informed decisions.