Commercial Syn Bags Reports Decline in Financial Health for Q4 2023
Commercial Syn Bags, a microcap company in the plastic products industry, recently announced its financial results for the quarter ending December 2023. The company's stock has been given a 'Sell' call by MarketsMOJO.
According to the financial report, the company has seen a negative performance in the quarter, with a score of -14 compared to -7 in the previous quarter. This indicates a decline in the company's financial health.
The Profit Before Tax (PBT) less Other Income for the quarter was at Rs -0.44 crore, showing a significant decrease of -141.51% compared to the same quarter last year. The Profit After Tax (PAT) also saw a decline of -116.4% year on year, with a value of Rs -0.25 crore. This trend is expected to continue in the near term.
The company's ability to manage interest payments has also deteriorated, with the Operating Profit to Interest ratio being at its lowest in the last five quarters. The Operating Profit (PBDIT) for the quarter was at Rs 4.00 crore, the lowest in the last five quarters, and the Operating Profit Margin was at its lowest at 5.63%. This indicates a decline in the company's efficiency.
The company's profitability has also been affected, with the lowest Earnings per Share (EPS) of Rs -0.06 in the last five quarters. Additionally, the Debtors Turnover Ratio for the half-yearly period was at its lowest in the last five periods, indicating a slower pace in settling debts.
Overall, the financial results for the quarter ending December 2023 have not been favorable for Commercial Syn Bags. Investors are advised to take note of the negative trends and make informed decisions regarding their investments in the company.
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