Miven Machine Tools Reports Positive Trends in Financials for Q1 FY25

Aug 08 2024 10:01 AM IST
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Miven Machine Tools, a microcap engineering company, reported a flat performance in the quarter ending June 2024, with a score of 2 out of 10. However, the company's PBT and PAT have shown positive trends in the near term, indicating an upward trend in its financials. Its cash and cash equivalents have decreased, but the company remains a strong player in the industry.

Miven Machine Tools, a microcap engineering company, recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.

According to the financial report, Miven Machine Tools has seen a flat performance in the quarter, with a score of 2 out of 10, which is an improvement from the previous quarter’s score of 0. However, the company’s profit before tax (PBT) and profit after tax (PAT) have shown positive trends in the near term, with the highest figures in the last five quarters.


The PBT for the quarter was recorded at Rs -0.16 crore, while the PAT was also at Rs -0.16 crore. This indicates that the company’s financials are on an upward trend in the near term.


On the other hand, the company’s cash and cash equivalents have been at its lowest in the last six half-yearly periods, at Rs 0.03 crore. This suggests that the short-term liquidity of the company is deteriorating.


Despite these challenges, Miven Machine Tools remains a strong player in the engineering industry, with a focus on delivering quality products and services to its customers. The company’s financial performance will continue to be closely monitored by investors and analysts in the coming quarters.


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