Integra Engineering India's Q3 Financial Results Show Mixed Performance

Integra Engineering India, a smallcap company in the textile machinery industry, recently announced its financial results for the quarter ending December 2023. According to the latest report, the company's performance has remained flat compared to the previous quarter, with a score of 4 out of 15 in the last 3 months.

However, there are some positive aspects to Integra Engg.'s financials for the quarter. The company has shown a strong Debtors Turnover Ratio, with a record high of 3.71 times in the last five half-yearly periods. This indicates that the company has been able to settle its debtors at a faster rate. Additionally, the company's Net Sales for the quarter were at Rs 40.44 crore, the highest in the last five quarters, showing a positive trend in sales.

Integra Engg. also saw a positive trend in its Operating Profit (PBDIT) for the quarter, with a record high of Rs 7.45 crore in the last five quarters. Similarly, the company's Profit Before Tax less Other Income (PBT) for the quarter was at Rs 6.38 crore, the highest in the last five quarters, indicating a positive trend in PBT.

However, there are some areas where Integra Engg.'s financials have not performed well. The company's Profit After Tax (PAT) for the half-yearly period was at Rs 7.65 crore, showing a negative growth of -35.88% Year on Year (YoY). This indicates a negative trend in PAT in the near term.

Based on these financial results, MarketsMOJO has given a 'Hold' call for Integra Engg.'s stock. While the company has shown some positive aspects in its financials, there are also areas that need improvement. Investors are advised to carefully consider these factors before making any investment decisions.