Eurotex Industries and Exports Shows Steady Progress

Eurotex Industries and Exports, a microcap textile company, recently announced its financial results for the quarter ended September 2023. The company reported a decline in net sales by 29.11% compared to the previous quarter, with a standaloned net profit of -142.70% in June 2023. However, the operating profit (PBDIT) showed a slight improvement of 0.91% compared to the previous quarter's -127.30%.

The company's interest remained unchanged at 0.00% in the quarter ended September 2023. Eurotex Industries and Exports also did not report any operating profit margin (excl OI) in the last few periods. Despite the flat financial performance, the company's score has improved from 3 to 1 in the last 3 months.

One of the highlights of the financial results is the company's profit after tax (PAT) for the nine-month period, which was higher at Rs 0.08 crore compared to the preceding 12-month period ended September 2023 of Rs -10.16 crore. This shows a positive trend in the company's financials, with the company already surpassing its sales from the previous 12 months in just nine months.

MarketsMOJO has given a 'Strong Sell' call for Eurotex Industries and Exports, indicating a cautious approach for investors. However, based on the company's financial performance, it is clear that Eurotex Industries and Exports is making steady progress in its operations.