Weizmann's Q1 2024 PAT grows by 61.13%, net sales see a decline

Weizmann, a microcap textile company, has recently announced its financial results for the quarter ended March 2024. The company has shown a positive performance in terms of profit after tax (PAT), which has grown by 61.13% year on year (YoY) to reach Rs 4.27 crore. This is a significant improvement from the previous quarter and indicates a strong financial position for the company.

However, the net sales for the quarter have seen a decline of -5.7% compared to the average net sales of the previous four quarters. This could be a cause for concern for the company, as it indicates a negative trend in sales in the near term.

Despite this, MarketsMOJO has given a 'Hold' call for Weizmann's stock, which means that investors should hold on to their current positions in the company. This is a neutral stance and does not recommend buying or selling the stock.

Weizmann's financial performance in the quarter Mar 2024 has been steady, with no major changes in the last three months. The company's PAT has shown a positive trend, while the net sales have seen a decline. It will be interesting to see how the company performs in the coming quarters and if it can maintain its positive growth in profits.