Divyashakti's Q1 Financial Results Show Promising Growth in Net Sales and Profit
Divyashakti, a microcap company in the ceramics and allied industry, has reported its financial results for the quarter ending March 2024. The company's net sales have increased by 49.05% year on year, while its profit after tax has also shown a significant improvement. Investors should monitor the company's performance in the near future.
Divyashakti, a microcap company in the ceramics and allied industry, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.According to the financial report, Divyashakti's performance for the quarter has remained flat. However, there has been a significant improvement in the company's score, which has increased from -8 to 3 in the last three months.
One of the key highlights of the financial report is the growth in net sales for the half-yearly period. The company's net sales have increased by 49.05% year on year, reaching Rs 34.61 crore. This indicates a very positive sales trend in the near term.
Moreover, Divyashakti's profit after tax (PAT) for the half-yearly period has also shown a significant improvement. The company's PAT for the period stands at Rs 0.93 crore, which is higher than the preceding 12-month period ending March 2024, where the PAT was Rs 0.36 crore. This indicates a strong financial performance by the company in the first half of the year.
Overall, Divyashakti's financial results for the quarter ending March 2024 show promising growth in net sales and profit after tax. Investors should keep an eye on the company's performance in the coming months to see if it can sustain this positive trend.
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