Ind Bank Housing Reports Positive Financial Results for Q1 2024 Despite 'Sell' Call from MarketsMOJO
Ind Bank Housing, a microcap company in the finance-housing industry, recently announced its financial results for the quarter ending March 2024. The results, declared on April 20, 2024, have received a 'Sell' call from MarketsMOJO.Despite the negative sentiment from MarketsMOJO, Ind Bank Housing has shown a flat financial performance for the quarter. However, there has been a significant improvement in the company's score, which has increased from -2 to 4 in the last three months.
One of the key factors contributing to this improvement is the company's operating profit (PBDIT), which has been the highest in the last five quarters at Rs -0.13 crore. The near-term trend for operating profit is also positive. Similarly, the profit before tax less other income (PBT) has also been the highest in the last five quarters at Rs -0.13 crore, with a positive trend in the near term. The profit after tax (PAT) has also shown a positive trend, with the highest in the last five quarters at Rs -0.06 crore. The earnings per share (EPS) have also increased, with the highest in the last five quarters at Rs -0.06.
Overall, Ind Bank Housing has shown an increase in profitability, creating higher earnings for its shareholders. While MarketsMOJO may have a 'Sell' call for the company, the financial results for the quarter ending March 2024 show positive trends and improvements for Ind Bank Housing.
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