Mihika Industries Reports Strong Financial Performance in Q2 of FY 2024-2025
Mihika Industries, a microcap trading company, has reported a positive financial performance in the second quarter of fiscal year 2024-2025. The company's net sales have grown by 641,999,900.00% year on year, surpassing the sales of the entire previous year. Additionally, the company's profitability has also shown a positive trend, with the highest operating profit, profit before tax, and profit after tax in the last five quarters. MarketsMojo has given a 'Hold' call for the company's stock based on these results.
Mihika Industries, a microcap trading company, has recently announced its financial results for the quarter ending September 2024. The company has shown a positive performance in the second quarter of the fiscal year 2024-2025, with a significant improvement in its score from 3 to 13 in the last three months.One of the key factors contributing to this positive performance is the company's net sales, which have grown by a staggering 641,999,900.00% year on year, reaching Rs 6.42 crore in the first half of the fiscal year. This is a very encouraging trend for the company, indicating a strong and steady growth in sales.
Moreover, the company's net sales for the first half of the fiscal year have already surpassed the sales of the entire previous year, which was Rs 6.20 crore. This shows a remarkable growth in the company's sales and a promising outlook for the future.
In terms of profitability, Mihika Industries has also shown a positive trend. The company's operating profit (PBDIT) for the quarter was the highest in the last five quarters, at Rs 0.33 crore. Similarly, the profit before tax (PBT) and profit after tax (PAT) for the quarter were also the highest in the last five quarters, at Rs 0.33 crore and Rs 0.44 crore respectively. This indicates a strong and consistent growth in the company's profitability.
Furthermore, the company's earnings per share (EPS) for the quarter were also the highest in the last five quarters, at Rs 0.44. This shows that Mihika Industries has been able to create higher earnings for its shareholders, which is a positive sign for investors.
Overall, Mihika Industries has shown a strong financial performance in the second quarter of the fiscal year 2024-2025, with positive trends in sales and profitability. Based on these results, MarketsMOJO has given a 'Hold' call for the company's stock.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
