FEDBANK FIN. SER Reports Profitable Quarter with Increased PAT and Net Sales

Apr 29 2024 04:35 PM IST
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In the quarter ending Mar 2024, FEDBANK FIN. SER reported a positive financial performance with an increase in PAT and net sales. The company's EPS also showed growth, indicating a profitable quarter. However, the sustainability of the increase in non operating income may be a concern. MarketsMojo has given a 'Hold' call for the company's stock.

Overall, FEDBANK FIN. SER has shown a positive financial performance in the quarter ending Mar 2024. The company's PAT has increased and its net sales have also shown growth. This has resulted in a higher EPS, indicating a profitable quarter for the company. However, the increase in non operating income may not be sustainable in the long term. Based on these financials, MarketsMOJO has given a 'Hold' call for FEDBANK FIN. SER's stock. Investors should keep an eye on the company's future financial performance to make informed decisions.
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