Deco-Mica's Q4 2023 Financial Report Shows Negative Performance, Receives 'Sell' Call.
Deco-Mica, a microcap company in the wood 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, Deco-Mica has seen a negative performance in the quarter, with a score of -7 compared to 1 in the previous quarter. This decline can be attributed to various factors, including a decrease in net sales, operating profit, and profitability.
The company's net sales for the quarter were at Rs 15.90 crore, which is a decrease of 10.2% compared to the average net sales of the previous four quarters. This is also the lowest net sales in the last five quarters, indicating a negative trend in the company's sales.
Similarly, the operating profit (PBDIT) for the quarter was at its lowest in the last five quarters, at Rs 0.81 crore. This shows a negative trend in the company's operating efficiency.
The operating profit margin for the quarter was also at its lowest in the last five quarters, at 5.09%. This indicates a decline in the company's efficiency.
Furthermore, the profit before tax (PBT) for the quarter was at its lowest in the last five quarters, at Rs -0.03 crore. This shows a negative trend in the company's profitability.
The earnings per share (EPS) for the quarter were also at its lowest in the last five quarters, at Rs -0.07. This indicates a decline in the company's profitability and lower earnings for shareholders.
Overall, Deco-Mica's financial performance for the quarter ending December 2023 has been negative, with a decline in sales, operating profit, and profitability. This has led to a 'Sell' call by MarketsMOJO for the company's stock.
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