Borosil Scientific's Q1 financials show decline, 'Sell' call from MarketsMOJO
Borosil Scientific, a smallcap glass company, reported a decline in Profit Before Tax and Profit After Tax for the quarter ending June 2024. The company's Earnings per Share is also at its lowest in the last five quarters. Non Operating Income has increased, but it may not be sustainable. Investors should consider the negative trends and 'Sell' call by MarketsMojo before investing.
Borosil Scientific, a smallcap company in the glass industry, recently declared its financial results for the quarter ending June 2024. However, the news may not be positive for investors as MarketsMOJO has given a 'Sell' call for the company's stock.
According to the financials, the company's Profit Before Tax (PBT) has fallen by 36.9% to Rs 6.52 crore compared to the average PBT of the previous four quarters, which was Rs 10.33 crore. This indicates a negative trend in the near term for PBT. Similarly, the Profit After Tax (PAT) has also fallen by 26.6% to Rs 6.47 crore compared to the average PAT of the previous four quarters, which was Rs 8.82 crore. This shows a negative trend in the near term for PAT.
The company's Earnings per Share (EPS) for the quarter is at its lowest in the last five quarters, at Rs 0.73. This decline in profitability may not be good news for shareholders. Additionally, the Non Operating Income for the quarter is at its highest in the last five quarters, at Rs 2.14 crore. This increase in income from non-business activities may not be sustainable.
Overall, the financial results for the quarter ending June 2024 do not paint a positive picture for Borosil Scientific. Investors may want to take note of the negative trends and the 'Sell' call by MarketsMOJO before making any investment decisions.
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