Basant Agro Tech's Q3 Financial Results Decline
Basant Agro Tech (India), a microcap company in the fertilizer industry, recently declared its financial results for the quarter ended September 2023. According to the analysis by MarketsMOJO, the stock call for the company is 'Sell'.
The quarterly analysis highlights a decline in net sales by 46.90% compared to the previous quarter, and a decrease in standalone net profit by 287.50%. The operating profit (PBDIT) excluding other income has also seen a significant decline of 80.74%. However, the interest has only increased by 4.99% in the same quarter.
The company's financial performance for the quarter has been very negative, with a score of -30 compared to -25 in the last three months. This indicates a decline in the company's overall financial health.
The financials for the quarter have revealed several areas where Basant Agro Tech is struggling. The net sales have fallen by 30.29% year on year, and the profit before tax (PBT) has decreased by 241.03%. The company's operating cash flow has also been consistently falling over the last three years.
Moreover, the company's ability to manage interest payments has deteriorated, with the operating profit to interest ratio being the lowest in the last five quarters. The interest cost has also increased, indicating a rise in borrowings.
In terms of sales and profitability, Basant Agro Tech has seen a negative trend in the near term. The net sales, operating profit, and PBT have all been at their lowest in the last five quarters. The operating profit margin has also decreased, indicating a decline in the company's efficiency.
The earnings per share (EPS) for the quarter have also been the lowest in the last five quarters, reflecting a decline in profitability and lower earnings for shareholders.
Overall, the financial results for the quarter ended September 2023 have not been favorable for Basant Agro Tech. The company's sales, profitability, and efficiency have all seen a negative trend, and the stock call by MarketsMOJO is 'Sell'.
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