Lakhotia Polyesters Reports Strong Financial Performance in Q1 2024 Despite 'Strong Sell' Rating
Lakhotia Polyesters (India), a microcap company in the textile industry, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Strong Sell' call by MarketsMOJO.Despite this, Lakhotia Polyesters has shown positive financial performance in the quarter, with a score of 12 out of 14. This is a slight decrease from the previous quarter, but still reflects a strong performance.
One of the key factors contributing to this positive performance is the company's net sales, which have grown by 73.38% year on year to reach Rs 20.84 crore. This is a significant increase and indicates a very positive sales trend in the near term.
Furthermore, the company's net sales for the half-year period are higher than the previous 12-month period, indicating a strong growth trajectory. Similarly, the company's profit after tax for the half-year period is also higher than the previous 12-month period, showing a significant improvement in financial performance.
Overall, Lakhotia Polyesters has shown promising financial results for the quarter ending March 2024, with strong growth in net sales and profit after tax. However, investors should take note of the 'Strong Sell' call by MarketsMOJO and conduct their own research before making any investment decisions.
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