Centenial Surgical Suture Reports Positive Sales and Operating Profit in Q1 2024

Aug 13 2024 11:16 AM IST
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Centenial Surgical Suture, a microcap company in the healthcare services industry, has reported a flat performance in the quarter ending March 2024, with a score of 3 out of 10. However, the company's net sales, operating profit, and profit before tax have all shown positive trends, indicating potential for future growth.
Centenial Surgical Suture, a microcap company in the healthcare services industry, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Centenial Surgical Suture has shown a flat performance in the quarter, with a score of 3 out of 10, which is an improvement from the previous quarter's score of 0. However, despite this, there are some positive aspects to the company's financials.

One of the highlights is the net sales for the quarter, which have been the highest in the last five quarters at Rs 13.74 crore. This shows a positive trend in the company's sales in the near term. Additionally, the operating profit (PBDIT) for the quarter has also been the highest in the last five quarters at Rs 1.72 crore, indicating a positive trend in the company's operating profit.

Furthermore, the profit before tax less other income (PBT) for the quarter has also been the highest in the last five quarters at Rs 0.40 crore, showing a positive trend in the company's PBT in the near term.

Overall, while Centenial Surgical Suture's financial performance may have been flat in the quarter ending March 2024, there are some positive signs for the company's future. Investors should keep an eye on the company's progress in the coming quarters to see if these positive trends continue.
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