Ashirwad Steels Shows Promising Growth in Q1 FY25 Financial Results
Ashirwad Steels & Industries, a microcap company in the iron and steel industry, recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.
According to the financial report, Ashirwad Steels has shown a flat performance in the quarter, with no significant changes in the last three 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 shown a growth of 97.14% year on year, reaching Rs 2.07 crore. This is a very positive trend for the company. Additionally, the PAT for the nine-month period is higher at Rs 2.07 crore compared to the preceding 12-month period ending June 2024, which was Rs 1.55 crore. This indicates that the company has already surpassed its sales from the previous 12 months in just nine months.
Overall, while Ashirwad Steels may have had a flat performance in the quarter, its financials show promising growth and potential for the future. Investors should keep an eye on this microcap company in the iron and steel industry.
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