Samrat Forgings' Financial Results Show Mixed Performance, Receives 'Sell' Call from MarketsMOJO

Samrat Forgings, a microcap company in the castings/forgings 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.

According to the financials, Samrat Forgings has shown a flat performance in the quarter, with a slight improvement in its score from -6 to -2 in the last three months. The company's Profit Before Tax less Other Income (PBT) for the quarter was the highest in the last five quarters, standing at Rs 1.46 crore. This indicates a positive trend in the near term for PBT.

However, the company's Profit After Tax (PAT) for the nine-month period has shown a decline of 45.16% year on year, standing at Rs 2.04 crore. The near term trend for PAT is also negative.

Despite the mixed financial performance, Samrat Forgings remains a microcap company in the castings/forgings industry. The company's future potential and investor interest are not mentioned in the financial results. Based on the facts presented in the financials, MarketsMOJO has given a 'Sell' call for Samrat Forgings.