United Drilling Tools Reports Outstanding Financial Results for Q1 FY25

Aug 14 2024 10:11 AM IST
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United Drilling Tools, a microcap engineering company, has reported impressive financial results for the quarter ending March 2024. The company's PBT and PAT have shown significant growth, with PBT increasing by 168.6% and PAT by 84.9%. Net sales have also seen a positive trend, with the highest sales in the last five quarters. United Drilling's PBDIT and EPS have also shown a positive trend. With a 'Hold' stock call by MarketsMojo, the company is expected to continue its strong performance in the near future.

United Drilling Tools, a microcap engineering company, has recently announced its financial results for the quarter ending March 2024. The stock call by MarketsMOJO for United Drilling is ‘Hold’.

According to the financial report, United Drilling has shown outstanding performance in the quarter of June 2024. The company’s score has improved from 15 to 31 in the last three months.


The key factors contributing to this growth are the increase in Profit Before Tax less Other Income (PBT) and Profit After Tax (PAT). PBT has grown by 168.6% to Rs 5.99 crore compared to the average PBT of the previous four quarters, which was Rs 2.23 crore. Similarly, PAT has grown by 84.9% to Rs 4.34 crore compared to the average PAT of the previous four quarters, which was Rs 2.35 crore.


The company’s net sales have also shown a positive trend, with the highest sales of Rs 54.42 crore in the last five quarters. This is a growth of 73.2% compared to the average net sales of the previous four quarters, which was Rs 31.42 crore.


United Drilling has also shown a positive trend in its operating profit (PBDIT) and earnings per share (EPS). The company’s PBDIT for the quarter was the highest at Rs 7.87 crore, and the EPS was the highest at Rs 2.14 in the last five quarters.


Overall, United Drilling has shown a strong financial performance in the quarter ending March 2024, with increasing profitability and creating higher earnings for its shareholders. With a ‘Hold’ stock call by MarketsMOJO, the company is expected to continue its positive trend in the near future.


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