Ceeta Industries Shows Strong Growth in Net Sales and Profitability in Q1 FY25

Aug 16 2024 08:52 AM IST
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Ceeta Industries, a microcap company in the ceramics and allied industry, has reported a positive performance in its financial results for the quarter ending June 2024. The company has shown a significant improvement with a score of 13, driven by a growth in net sales of 80.07% year on year and a higher profit after tax and earnings per share. MarketsMojo has given a 'Sell' call for the company's stock based on these results.

Ceeta Industries, a microcap company in the ceramics and allied industry, has recently announced its financial results for the quarter ending June 2024. The company has shown a positive performance with a score of 13, a significant improvement from the previous score of 6 in the last 3 months.

One of the key factors contributing to this positive performance is the growth in net sales. In the half-yearly report, Ceeta Industries has recorded a growth of 80.07% year on year, with net sales reaching Rs 5.42 crore. This indicates a strong sales trend for the company.


Moreover, the company has also shown a positive trend in its profit after tax (PAT) for the quarter. With a PAT of Rs 0.53 crore, it is the highest in the last five quarters. This indicates a near-term positive trend in profitability for Ceeta Industries.


In addition, the company has also reported its highest earnings per share (EPS) of Rs 0.37 in the last five quarters. This shows that Ceeta Industries has been able to create higher earnings for its shareholders, indicating a positive outlook for the company.


Based on these financial results, MarketsMOJO has given a ‘Sell’ call for Ceeta Industries’ stock. However, it is important to note that this is not a recommendation, but rather a fact-based analysis of the company’s financial performance. Investors are advised to do their own research and make informed decisions.


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