Orissa Bengal Carrier's Q1 financials show mixed performance, with PAT growth but declining net sales

Aug 16 2024 09:06 AM IST
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Orissa Bengal Carrier, a microcap logistics company, has reported a flat performance in the quarter ending March 2024, with a score of 1 compared to -1 in the previous quarter. However, the company's Profit After Tax has seen a significant growth of 201.85% year on year, while net sales have fallen by -11.51%. It is important to conduct personal research before making any investment decisions.

Orissa Bengal Carrier, a microcap logistics company, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.

According to the financial report, Orissa Bengal has shown a flat performance in the quarter, with a score of 1 compared to -1 in the previous three months. However, there are some positive aspects to the company's financials. The Profit After Tax (PAT) for the nine-month period has seen a significant growth of 201.85% year on year, indicating a positive trend.

On the other hand, the company's net sales for the quarter have fallen by -11.51% year on year, showing a negative trend in the near term. The net sales for the quarter were also the lowest in the last five quarters, further highlighting the negative trend.

Despite the mixed financial performance, Orissa Bengal remains a microcap company in the logistics industry. It is important to note that this article is based on facts and does not include any external data or sources. As always, it is recommended to do your own research and analysis before making any investment decisions.
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