Acme Resources Reports Significant Decline in Financial Performance for Q1 FY25

Aug 16 2024 09:41 AM IST
share
Share Via
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 Reports Significant Decline in Financial Performance for Q1 FY25

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.

{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News