Mauria Udyog's Q3 financials show strong growth, receives 'Hold' call from MarketsMOJO

Mauria Udyog, a microcap company in the capital goods industry, has recently announced its financial results for the quarter ended December 2023. The company has received a 'Hold' call from MarketsMOJO, indicating a neutral stance on its stock.

According to the financials, Mauria Udyog has shown a very positive performance in the quarter, with a score of 25, an improvement from 24 in the last 3 months. The company's Profit After Tax (PAT) for the half-yearly period has grown by 211.42% year on year, indicating a strong trend. The Profit Before Tax less Other Income (PBT) for the quarter has also shown a growth of 150.6% over the average PBT of the previous four quarters. The company's net sales for the quarter have been the highest at Rs 84.17 crore and have shown a growth in each of the last five quarters, indicating a positive trend.

Mauria Udyog's PAT for the half-yearly period has also been higher at Rs 7.12 crore compared to the preceding 12-month period, where it was at Rs -1.94 crore. This shows a significant improvement in the company's profitability. The operating profit (PBDIT) for the quarter has been the highest at Rs 11.13 crore in the last five quarters, indicating a positive trend. The company's operating profit margin has also shown an improvement, reaching its highest at 13.22% in the last five quarters.

However, there are some areas that need improvement for Mauria Udyog. The interest cost for the quarter has shown a growth of 236.52% quarter on quarter, indicating increased borrowings. The company's non-operating income is also high, accounting for 50.50% of the PBT. This suggests that the company's income from non-business activities is high, which may not be a sustainable business model.

Overall, Mauria Udyog has shown a positive financial performance in the quarter ended December 2023. With a 'Hold' call from MarketsMOJO, investors may want to keep an eye on the company's future financial results to make informed investment decisions.