Dhruv Consultancy Services Reports Mixed Performance in Q1 2024, Net Sales Show Positive Trend
Dhruv Consultancy Services, a microcap company in the oil exploration and refineries industry, reported its financial results for the quarter ending March 2024. The company's net sales were the highest in the last five quarters, showing a positive trend. However, the profit before tax and profit after tax saw a decline compared to the previous four quarters. MarketsMojo has given a 'Hold' call for the company's stock.
Dhruv Consultancy Services, a microcap company in the oil exploration and refineries industry, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.
According to the financial report, Dhruv Consultancy Services has seen a flat performance in the quarter, with a score of -1 compared to 5 in the previous quarter. However, there are some positive aspects to the company's performance. The net sales for the quarter were the highest in the last five quarters at Rs 24.69 crore, showing a positive trend in the near term. Additionally, the net sales have grown by 26.9% over the average of the previous four quarters, indicating a positive sales trend.
On the other hand, there are some areas that need improvement for Dhruv Consultancy Services. The profit before tax less other income (PBT) for the quarter was at Rs 0.54 crore, which is a decrease of 54.4% compared to the average PBT of the previous four quarters. The profit after tax (PAT) for the quarter was at Rs 0.43 crore, showing a decline of 69.1% over the average PAT of the previous four quarters.
Overall, the financial results for the quarter ending March 2024 show a mixed performance for Dhruv Consultancy Services. While there are some positive aspects, there are also areas that need improvement. Investors are advised to hold their position in the company's stock, as recommended by MarketsMOJO.
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