Riba Textiles Reports Positive Financial Results for Q2 2024, Receives 'Hold' Call from MarketsMOJO
Riba Textiles, a microcap company in the textile industry, has recently announced its financial results for the quarter ending September 2024. The results, declared on November 14, 2024, have received a 'Hold' call from MarketsMOJO.According to the financial report, Riba Textiles has shown a flat performance in the second quarter of the fiscal year 2024-25. However, there has been an improvement in the company's overall score, which has increased from -2 to 5 in the last three months.
One of the key highlights of the financials is the net sales, which have been the highest in the last five quarters at Rs 77.14 crore. This indicates a positive trend in the near term for the company's sales. Similarly, the operating profit (PBDIT) has also been the highest in the last five quarters at Rs 6.64 crore, showing a positive trend in the near term.
The profit before tax less other income (PBT) has also seen a significant increase, reaching its highest at Rs 4.05 crore in the last five quarters. This trend is expected to continue in the near term. The profit after tax (PAT) has also shown a positive trend, with the highest figure of Rs 2.94 crore in the last five quarters.
Moreover, the earnings per share (EPS) have also been the highest in the last five quarters at Rs 3.05. This indicates that the company has been able to generate higher earnings for its shareholders, showcasing its increasing profitability.
Overall, Riba Textiles has shown a positive performance in its financials for the quarter ending September 2024. With a 'Hold' call from MarketsMOJO, the company is expected to continue its growth in the near future.
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