Chandra Prabhu International reports strong net sales growth, but PAT declines in Q1 2024
Chandra Prabhu International, a microcap trading company, has reported a 21.46% increase in net sales for the quarter ended March 2024. However, the company's profit after tax has declined by -327.9%, indicating a negative trend in the near term. The stock call for the company is 'Sell', suggesting caution for potential investors.
Chandra Prabhu International, a microcap trading company, has recently announced its financial results for the quarter ended March 2024. The company has shown positive performance in terms of net sales, which have grown by 21.46% year on year to reach Rs 413.42 crore. This is a promising sign for the company, as it indicates a strong sales trend in the near future.
However, the company's profit after tax (PAT) for the quarter has fallen by -327.9% compared to the average PAT of the previous four quarters. This decline in PAT is a cause for concern and indicates a negative trend in the near term.
Despite this, Chandra Prabhu International has maintained a consistent score in the last three months, which is a positive sign for the company. It is important to note that the stock call for Chandra Prabhu International by MarketsMOJO is 'Sell', which suggests caution for potential investors.
Overall, Chandra Prabhu International has shown a mixed financial performance in the quarter ended March 2024. While the company has seen growth in net sales, the decline in PAT raises some concerns. Investors should carefully consider these factors before making any investment decisions.
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