Acme Resources Reports Significant Decline in Financial Performance for Q1 FY25

Aug 16 2024 09:41 AM IST
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Acme Resources, a microcap finance company, has reported a significant decline in its financial performance for the quarter ending March 2024. The company's score has fallen from 4 to -22, with a decrease in profit before and after tax, net sales, and operating profit. Investors should take note of the 'Strong Sell' rating given by MarketsMojo.

Acme Resources, a microcap finance company, recently announced its financial results for the quarter ending March 2024. The company’s stock has been given a ‘Strong Sell’ rating by MarketsMOJO.

According to the financial report, Acme Resources has seen a significant decline in its performance in the last three months. The company’s score has fallen from 4 to -22, indicating a very negative trend.


The profit before tax (PBT) less other income for the quarter was at Rs -1.97 crore, showing a decrease of 116.03% compared to the same period last year. The profit after tax (PAT) for the quarter was at Rs -1.44 crore, down by 115.2% year on year. The net sales for the half-yearly period were at Rs 5.74 crore, showing a decline of 77.09% compared to the previous year.


The operating profit (PBDIT) for the quarter was at its lowest in the last five quarters, at Rs -1.90 crore. The operating profit margin for the quarter was also at its lowest in the last five quarters, at 0.00%. This indicates a deterioration in the company’s efficiency.


The PBT for the quarter was also at its lowest in the last five quarters, at Rs -1.97 crore. The earnings per share (EPS) for the quarter were at its lowest in the last five quarters, at Rs -0.56. This shows a declining profitability and lower earnings for shareholders.


Overall, Acme Resources has reported a very negative financial performance for the quarter ending March 2024. Investors should take note of the company’s declining trends and the ‘Strong Sell’ rating given by MarketsMOJO.


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