Are Kiran Syntex latest results good or bad?
Kiran Syntex's latest results show a neutral trend with unchanged net sales and profit, but it reported its highest Profit Before Tax and Earnings per Share in five quarters, indicating potential for improvement despite overall negative figures. Stakeholders should consider the mixed performance carefully.
Kiran Syntex, a microcap textile company, recently reported its financial results for the quarter ending March 2024. The company's performance metrics indicate that net sales and standalone net profit remained unchanged compared to the previous quarter, reflecting a neutral trend in these areas. Notably, the Profit Before Tax (PBT) and Profit After Tax (PAT) for the quarter were both reported at Rs -0.01 crore, marking the highest figures in the last five quarters. This suggests a positive trend in profitability, albeit at a negative value. Additionally, the Earnings per Share (EPS) also reached its highest in the last five quarters at Rs -0.02, indicating a potential for higher earnings for shareholders despite the overall negative profit figures.
The company experienced an adjustment in its evaluation, which may reflect the mixed nature of its financial performance. Overall, while there are some positive highlights in Kiran Syntex's financial results, the lack of growth in net sales and profit metrics indicates a need for careful consideration by stakeholders.
{{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}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
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
Most Read
