Astron Paper & Board Mill's Q1 2024 Financial Report Shows Negative Performance

May 30 2024 06:01 PM IST
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Astron Paper & Board Mill, a microcap company in the paper and paper products industry, has reported a negative financial performance for the quarter ending March 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMojo, with a decline in key financial indicators such as Profit Before Tax, Profit After Tax, Net Sales, and Operating Profit. Investors are advised to be cautious when considering this stock for investment.

Astron Paper & Board Mill, a microcap company in the paper and paper products industry, 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, Astron Paper has seen a negative performance in the quarter, with a score of -15 compared to -5 in the previous quarter. This indicates a decline in the company's financial health.

The company's Profit Before Tax (PBT) less Other Income has fallen by 175.83% year on year, with a near-term trend that is very negative. Similarly, the Profit After Tax (PAT) has also decreased by 341.0% year on year, with a negative trend in the near term. The Net Sales have also fallen by 14.35% year on year, indicating a negative trend in the company's sales.

Astron Paper's ability to manage interest payments has deteriorated, with the Operating Profit to Interest ratio being the lowest in the last five quarters at -1.51 times. The Operating Profit (PBDIT) has also decreased, with the lowest value of Rs -4.41 crore in the last five quarters. The Operating Profit Margin has also declined, with the lowest value of -5.63% in the last five quarters, indicating a decrease in the company's efficiency.

The company's profitability has also declined, with the lowest PBT of Rs -9.13 crore in the last five quarters. The Earnings per Share (EPS) have also decreased, with the lowest value of Rs -1.32 in the last five quarters, indicating a decline in the company's ability to generate earnings for its shareholders.

Overall, Astron Paper & Board Mill's financial performance for the quarter ending March 2024 has been negative, with a decline in various key financial indicators. Investors are advised to exercise caution while considering this stock for investment.
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