Amin Tannery Reports Decline in Net Sales for Q1 FY25, Receives Strong Sell Rating

Aug 13 2024 09:47 PM IST
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Amin Tannery, a microcap company in the miscellaneous industry, reported a negative performance in the quarter ending March 2024, with a score of -7 compared to -3 in the previous quarter. This was due to a decrease in net sales, which fell by 17.1%. The company needs to address its sales strategy to improve its performance.

Amin Tannery, a microcap company in the miscellaneous industry, recently announced its financial results for the quarter ending in March 2024. The results, declared on August 13, 2024, have received a “Strong Sell” call from MarketsMOJO.

According to the financial report, Amin Tannery has seen a negative performance in the quarter, with a score of -7 compared to -3 in the previous quarter. This decline can be attributed to a decrease in net sales, which fell by 17.1% to Rs 9.76 crore from the average net sales of the previous four quarters, which was Rs 11.77 crore. This also marks the lowest net sales in the last five quarters for the company.


The near-term sales trend for Amin Tannery is also negative, indicating that the company is facing challenges in generating revenue. While the financial report does not mention the specific reasons for the decline, it is clear that the company needs to address its sales strategy to improve its performance.


Investors and experts have not shown any interest in Amin Tannery, and the company has not made any recommendations for its stock. This news article is based solely on the information provided by the company and does not include any external data or sources.


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