APM Industries Reports Negative Financial Performance in Q1 2024, MarketsMOJO Gives 'Sell' Call

APM Industries, a microcap textile company, has recently declared its financial results for the quarter ending March 2024. According to the report, the company has seen a negative financial performance with a score of -17, a significant decrease from -11 in the last three months.

The net sales for the quarter have fallen by -20.8% to Rs 62.52 crore, compared to the average net sales of the previous four quarters which was Rs 78.94 crore. This indicates a very negative trend in the near term for the company's sales. Similarly, the profit before tax less other income (PBT) has also fallen by -187.8% to Rs -1.49 crore, compared to the average PBT of the previous four quarters which was Rs 1.70 crore. The near term trend for PBT is also very negative.

The half-yearly profit after tax (PAT) has also seen a decline of -72.47% year on year, with a current value of Rs 1.96 crore. This indicates a negative trend in the near term for the company's profitability. The net sales for the quarter have also been the lowest in the last five quarters, further highlighting the negative trend in sales.

The operating profit (PBDIT) for the quarter has also been the lowest in the last five quarters, at Rs 1.12 crore. This indicates a negative trend in the near term for the company's operating profit. The operating profit margin has also been the lowest in the last five quarters, at 1.79%, indicating a deterioration in the company's efficiency.

The PBT for the quarter has also been the lowest in the last five quarters, at Rs -1.49 crore. This further reinforces the negative trend in the near term for the company's profitability. The earnings per share (EPS) for the quarter have also been the lowest in the last five quarters, at Rs 0.36. This indicates a decline in profitability and lower earnings for shareholders.

Based on these financial results, MarketsMOJO has given a 'Sell' call for APM Industries' stock. The company's performance in the quarter ending March 2024 has been negative, with declining sales and profitability. Investors should carefully consider these factors before making any investment decisions.