Ceeta Industries Reports Positive Financial Performance in Q2 of FY 2024-2025

Nov 14 2024 11:48 PM IST
share
Share Via
Ceeta Industries, a microcap company in the ceramics, marble, granite, and sanitaryware industry, has reported a positive financial performance in the second quarter of fiscal year 2024-2025. Despite a 'Sell' call from MarketsMojo, the company's net sales have increased by 67.88% and its profit after tax has surpassed the previous year's total in just six months. Ceeta Industries also achieved its highest operating profit and profit before tax in the last five quarters, indicating a positive trend for the near future.
Ceeta Industries, a microcap company in the ceramics, marble, granite, and sanitaryware industry, has recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

Despite the negative sentiment from MarketsMOJO, Ceeta Industries has shown a positive financial performance in the second quarter of the fiscal year 2024-2025. The company's score has improved from 12 to 16 in the last three months.

One of the key factors contributing to this improvement is the growth in net sales, which has increased by 67.88% year on year to reach Rs 10.61 crore in the first half of the fiscal year. This indicates a very positive sales trend in the near term for Ceeta Industries.

Moreover, the company's profit after tax (PAT) for the first half of the fiscal year is higher at Rs 0.59 crore compared to the previous 12-month period ending in September 2024, where it was at Rs -1.60 crore. This shows a significant improvement in the company's profitability, as it has already surpassed its PAT for the entire previous year in just six months.

In addition, Ceeta Industries has also achieved its highest operating profit (PBDIT) in the last five quarters, at Rs 0.71 crore. The near term trend for operating profit is also positive.

Similarly, the company's profit before tax less other income (PBT) for the quarter is at its highest in the last five quarters, at Rs 0.35 crore. This indicates a positive trend for PBT in the near term.

Overall, Ceeta Industries has shown a strong financial performance in the second quarter of the fiscal year 2024-2025, with significant improvements in key financial indicators. This bodes well for the company's future growth and success in the ceramics, marble, granite, and sanitaryware industry.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
PVV Infra Ltd is Rated Hold by MarketsMOJO
11 minutes ago
share
Share Via
Minaxi Textiles Ltd is Rated Sell
11 minutes ago
share
Share Via
Incap Ltd is Rated Strong Sell
11 minutes ago
share
Share Via
Manugraph India Ltd is Rated Strong Sell
11 minutes ago
share
Share Via
Morarka Finance Ltd is Rated Strong Sell
11 minutes ago
share
Share Via