Eastern Treads Reports Decline in Sales and Profitability for Q1 FY25
Eastern Treads, a microcap company in the rubber products industry, recently announced its financial results for the quarter ending June 2024. The company’s performance has been deemed as flat by MarketsMOJO, with a score of -5, a decrease from 0 in the last three months.
According to the financials, Eastern Treads has seen a decline in net sales, with the lowest recorded at Rs 14.20 crore in the last five quarters. The company’s near-term sales trend is also negative. Additionally, the operating profit (PBDIT) for the quarter has also decreased to its lowest at Rs -0.60 crore in the last five quarters, indicating a negative trend in the company’s operating efficiency.
The operating profit margin for the quarter has also hit its lowest at -4.23%, showing a deterioration in the company’s efficiency. Furthermore, the profit before tax less other income (PBT) has also decreased to its lowest at Rs -1.43 crore in the last five quarters, with a negative trend in the near term. This has resulted in a decline in earnings per share (EPS) to its lowest at Rs -2.68 in the last five quarters, indicating a decrease in profitability and lower earnings for shareholders.
While Eastern Treads has not shown promising financial results for the quarter ending June 2024, it remains to be seen how the company will strategize and improve its performance in the future. Investors are advised to take note of the current financial situation of the company before making any investment decisions.
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