Unison Metals Reports Positive Financial Results for Q1 2024, Net Sales Decline

Unison Metals, a microcap company in the iron and steel industry, has recently announced its financial results for the quarter ending March 2024. The results, declared on August 14, 2024, have received a 'Hold' call from MarketsMOJO.

According to the financials, Unison Metals has shown positive performance in the quarter, with a score of 14 compared to 21 in the previous 3 months. This is a promising trend for the company.

One of the key factors contributing to this positive performance is the growth in Profit Before Tax less Other Income (PBT) which has increased by 46.3% to Rs 1.50 crore from an average of Rs 1.03 crore in the previous four quarters. The trend for PBT in the near term is also very positive. Similarly, Profit After Tax (PAT) has also shown a growth of 47.2% to Rs 1.31 crore from an average of Rs 0.89 crore in the previous four quarters. The near term trend for PAT is also very positive.

However, the company has seen a decline in Net Sales, which has fallen by -21.1% to Rs 54.36 crore from an average of Rs 68.94 crore in the previous four quarters. The near term trend for sales is also negative.

Overall, Unison Metals has shown a positive financial performance in the quarter ending March 2024, with a promising trend for PBT and PAT. However, the decline in Net Sales is a cause for concern and will need to be addressed by the company in the near future. Investors are advised to hold their stocks in Unison Metals for now.