Axita Cotton Third Quarter 2024 Earnings: EPS: ₹0.13 (vs ₹0.18 in 3Q 2023)
Axita Cotton (NSE:AXITA) Third Quarter 2024 Results
Key Financial Results
- Revenue: ₹2.67b (up 105% from 3Q 2023).
- Net income: ₹31.3m (down 33% from 3Q 2023).
- Profit margin: 1.2% (down from 3.6% in 3Q 2023). The decrease in margin was driven by higher expenses.
- EPS: ₹0.13 (down from ₹0.18 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Axita Cotton shares are down 10.0% from a week ago.
Risk Analysis
Before you take the next step you should know about the 4 warning signs for Axita Cotton (1 is potentially serious!) that we have uncovered.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NSEI:AXITA
Axita Cotton
Engages in manufacturing, processing, finishing, and trading of cotton bales, yarns, and seeds in India.
Adequate balance sheet with acceptable track record.
