The result shown in the screenshot above compares the result of two quarters a year apart. So Jan-March 2024 has been compared with Jan-March 2023. Taken that way the company has experienced de-growth, which is bad.
Comparing the previous quarter (Q3FY24 vs Q4FY24) within the same financial year, the company has done good. But this is seasonality at play. Majority of the companies especially manufacturing companies, post their best quarter as Q4 of a financial year. Although, Macfos is not a manufacturing company.
As far as financial year comparison is compared i.e. FY23 vs FY24 is concerned, the company has done good and grown.
As an investor the de-growth that the company has experienced compared to last year’s quarter is a fly in the ointment, given that it is a microcap, expected to grow exponentially.
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