Garment Mantra Lifestyle Shows Strong Financial Performance, Receives 'Hold' Rating from MarketsMOJO

Garment Mantra Lifestyle, a microcap company in the textile industry, has recently announced its financial results for the quarter ending March 2024. According to the latest report, the company has shown a positive performance in terms of financials.

The company's score has improved from 22 to 10 in the last three months, indicating a positive trend. One of the major factors contributing to this growth is the Profit After Tax (PAT) for the half-yearly period, which has seen a significant increase of 404.48% year on year. This is a strong indicator of the company's financial health and its ability to generate profits.

Moreover, the company's PAT for the half-yearly period is higher at Rs 1.66 crore compared to the previous 12-month period ending March 2024, which was Rs 1.05 crore. This shows a steady growth in profits for Garment Mantra.

In terms of sales, the company has achieved its highest quarterly net sales of Rs 70.33 crore in the last five quarters. This is a positive sign for the company's near-term sales trend.

Based on these financial results, MarketsMOJO has given a 'Hold' call for Garment Mantra's stock. This indicates that the company's performance is stable and investors can hold onto their shares. With a strong financial performance and positive trends, Garment Mantra is poised for growth in the textile industry.