Mega Corp. Announces Flat Performance in Q4 2023, But Shows Positive Trends in Operating Profit and PAT

Feb 01 2024 09:45 PM IST
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Mega Corporation, a microcap finance company, reported a flat performance in the last quarter of 2023 with a score of 0 compared to 1 in the previous quarter. However, the company's operating profit and profit after tax have shown positive trends, indicating potential growth in the near term.
Mega Corporation, a microcap finance company, has recently announced its financial results for the quarter ended December 2023. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Mega Corp. has shown a flat performance in the last quarter of 2023, with a score of 0 compared to 1 in the previous quarter. However, there are some positive aspects to the company's financials.

The company's operating profit (PBDIT) for the quarter was the highest in the last five quarters, at Rs 0.88 crore. This shows a positive trend in the near term for the company's operating profit. Additionally, the profit after tax (PAT) for the nine-month period was higher at Rs 0.24 crore compared to the previous 12-month period ending in December 2023, which was at Rs 0.22 crore. This indicates that the company has already surpassed its sales from the previous year in just nine months.

Despite the 'Sell' call by MarketsMOJO, Mega Corp. has shown some promising financial results in the last quarter. Investors and stakeholders can keep an eye on the company's future performance to make informed decisions.
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