News: Plaza Wires Limited, a key player in the cables and wires industry, recently released its Q3 financial results for 2024. Let’s delve into the key highlights and understand what they mean for investors.
Date and Time of Announcement
On February 14, 2024, Plaza Wires shared its Q3 results. Investors and industry watchers eagerly awaited this update to assess the company’s performance during the quarter.
Financial Snapshot
Here’s a snapshot of Plaza Wires’ Q3 financials:
- Total Income: The company reported a total income of ₹171.79 crores.
- Gross Profit: Plaza Wires achieved a gross profit of ₹15.50 crores.
- Operating Income: The operating income stood at ₹15.66 crores.
- Net Income After Taxes: The net income after taxes was ₹2.64 crores.
Share Price and Target
As of February 7, 2024, Plaza Wires’ share price on the stock exchanges was ₹335. Investors closely monitor this figure, as it reflects market sentiment and the company’s financial health.
Price Target Analysis: Based on the company’s performance and industry trends, analysts project that Plaza Wires’ share price may reach around ₹350-360 in 2024.
Product Range
Quality Assurance
Plaza Wires is committed to delivering high-quality products. Rigorous quality checks, adherence to standards, and continuous improvements through research and development are the cornerstones of their success.
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Plaza Wires’ Q3 results provide valuable insights for investors. While short-term fluctuations occur, a long-term perspective is crucial. As the company continues its journey, informed decisions will pave the way for growth.
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