Ruchira Papers Reports Positive Growth in PBT and PAT for Q1 2024

Aug 09 2024 03:33 PM IST
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Ruchira Papers, a microcap company in the paper and paper products industry, has reported a flat performance in the quarter ending March 2024. However, there are positive signs in the company's financials, with a 33.7% increase in PBT and a 20.2% increase in PAT compared to the previous four quarters. MarketsMojo has given a 'Hold' call for the company's stock.
Ruchira Papers, a microcap company in the paper and paper products industry, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Ruchira Papers has shown a flat performance in the quarter, with a slight improvement in its score from -13 to -3 in the last three months. However, there are some positive aspects to the company's financials.

One of the key highlights is the growth in Profit Before Tax less Other Income (PBT) for the quarter, which stands at Rs 21.20 crore. This is a 33.7% increase compared to the average PBT of the previous four quarters, which was Rs 15.86 crore. This indicates a positive trend in the near term for PBT.

Similarly, the Profit After Tax (PAT) for the quarter has also shown growth, with a 20.2% increase compared to the average PAT of the previous four quarters. The PAT for the quarter stands at Rs 14.78 crore. This also suggests a positive trend in the near term for PAT.

Overall, Ruchira Papers has shown a stable financial performance in the quarter ending March 2024, with some positive indicators for the near future. Investors are advised to hold their position in the company's stock, as suggested by MarketsMOJO.
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