Bedmutha Industries shows positive financial results, with growth in PAT and Net Sales

Bedmutha Industries, a microcap company in the iron and steel industry, has recently declared its financial results for the quarter ending March 2024. According to the report, the company has shown positive performance with a score of 16, an improvement from 14 in the last 3 months.

One of the key highlights of the financial results is the growth in Profit After Tax (PAT) which has increased by 57.3% year on year, reaching Rs 6.75 crore. This is a positive trend for the company in the near term. Additionally, the Net Sales for the quarter were at its highest in the last five quarters, standing at Rs 229.46 crore, with a growth of 20.13% year on year. This indicates a positive sales trend for the company in the near term.

Moreover, Bedmutha Industries has also shown an increase in its Earnings per Share (EPS) which is at its highest in the last five quarters, at Rs 2.09. This signifies the company's ability to generate higher earnings for its shareholders.

However, the company's Non-Operating Income for the quarter is at 217.97% of its Profit Before Tax (PBT). This indicates that the company's income from non-business activities is high, which may not be a sustainable business model.

Based on these financial results, MarketsMOJO has given a 'Sell' call for Bedmutha Industries' stock. Investors should carefully consider these factors before making any investment decisions.