Octavius Plantations Reports Steady Financial Performance in Q1 FY25

Octavius Plantations, a microcap company in the tea/coffee industry, has recently announced its financial results for the quarter ending March 2024. The results, declared on August 14, 2024, have received a ‘Sell’ call from MarketsMOJO.

Despite the negative stock call, Octavius Plantations has shown a steady performance in the quarter ending June 2024. The company’s score has fallen from 7 to 4 in the last 3 months, indicating a flat financial performance.

However, there are some positive aspects to the company’s financials. The net sales for the nine-month period have grown by 29.67% year on year, reaching Rs 23.82 crore. This shows a positive trend in the near term. Additionally, the net sales for the nine-month period are higher than the preceding 12-month period, indicating a growth in sales.

The company’s profit after tax (PAT) for the nine-month period is also higher at Rs 1.53 crore compared to the preceding 12-month period of Rs 1.38 crore. This shows a growth in profitability and the company has already surpassed its sales for the previous 12 months in just nine months.

Overall, Octavius Plantations has shown a stable financial performance in the quarter ending June 2024, with positive growth in sales and profitability. Investors should keep an eye on the company’s future financial results to make informed decisions.