COSCO (India) Reports Positive Financial Results for Q1 FY25

COSCO (India), a microcap company in the leather industry, has recently announced its financial results for the quarter ending June 2024. According to the latest report, the company has shown positive performance with a score of 17, which is an improvement from the previous score of 12 in the last three months.

One of the key factors contributing to this positive performance is the company’s ability to manage interest payments, with the Operating Profit to Interest ratio being the highest at 2.71 times in the last five quarters. This indicates that COSCO (India) is improving its financial management and is able to handle its interest payments effectively.

In terms of operating profit, the company has also shown a positive trend with the highest PBDIT (Profit Before Depreciation, Interest, and Taxes) of Rs 3.36 crore in the last five quarters. This indicates that the company’s near-term operating profit trend is on the rise.

Furthermore, COSCO (India) has also shown a positive trend in terms of Profit Before Tax less Other Income (PBT), with the highest PBT of Rs 1.53 crore in the last five quarters. This shows that the company’s near-term PBT trend is also on the rise.

The company’s Profit After Tax (PAT) has also seen a positive trend, with the highest PAT of Rs 1.53 crore in the last five quarters. This indicates that the company is creating higher earnings for its shareholders.

Overall, COSCO (India) has shown a strong financial performance in the quarter ending June 2024. With increasing profitability and positive trends in key financial indicators, the company’s stock has been given a ‘Hold’ call by MarketsMOJO. Investors can keep an eye on this microcap company in the leather industry for potential growth opportunities.