Inani Marbles & Industries Reports Mixed Results for Q2 2024, PAT Shows Significant Growth.

Oct 28 2024 04:54 PM IST
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Inani Marbles & Industries, a microcap company in the mining and minerals industry, reported a flat performance in the second quarter of fiscal year 2024-2025. While the company's PAT has shown a significant growth of 261.46%, its net sales have declined by -38.0% compared to the previous four quarters. This presents both positive and negative aspects for investors to consider.

Inani Marbles & Industries, a microcap company in the mining and minerals industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Inani Marbles has seen a flat performance in the second quarter of the fiscal year 2024-2025. The company's score has fallen from 14 to 5 in the last three months. However, there are some positive aspects to the financials.

One of the highlights is the company's Profit After Tax (PAT) for the half-yearly period, which has grown by 261.46% year on year, reaching Rs 1.55 crore. This shows a very positive trend for the company's profitability.

On the other hand, the net sales for the quarter have fallen by -38.0% compared to the average net sales of the previous four quarters. This is a concerning trend for the company's sales performance in the near term. Additionally, the net sales for the quarter were the lowest in the last five quarters, indicating a negative trend in the company's sales.

Despite these challenges, Inani Marbles remains a key player in the mining and minerals industry. The company's financial results provide valuable insights for investors to make informed decisions about their investments.
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