Multibagger Stocks: Pratap Snacks stock jumps due to spectacular results, rises 10% even in falling market – prataap snacks climb over 10 percent on spectacular q1fy24 performance
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The company had reported encouraging financial results on August 02, 2023. The company’s sales from operations reached Rs 385.9 crore, showing a year-on-year growth rate of 2.7%.
One of the standout achievements of the first quarter was the significant improvement in the company’s EBITDA. It widened from a loss of Rs 1.95 crore in Q1 FY23 to Rs 32.8 crore in Q1 FY24. This is the highest ever quarterly EBITDA for the company.
In terms of profitability, PSL registered a PAT of Rs 14.2 crore during Q1 FY24. In addition, the EPS for the first quarter was Rs.5.95 per share, indicating a positive impact on shareholder earnings.
Overall, PSL’s first quarter result instills confidence in its future prospects. The steady growth, improved profitability and efficient capital management of Q1 FY24 are indicative of PSL’s strong market position and potential for continued success.
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