Eurotex Industri's Q1 2024 Financial Performance Shows Decline in Revenue, Profitability, and 'Sell' Call by MarketsMOJO

May 24 2024 07:15 PM IST
share
Share Via
Eurotex Industri's financial performance for the quarter Mar 2024 has been lackluster, with a decline in PAT, revenue growth, and OPM. The company's debt to equity ratio has also increased, potentially leading to financial strain in the future. MarketsMojo has given a 'Sell' call, urging investors to carefully consider these factors before making any decisions.
Revenue Growth: Year on Year - Quarterly: Revenue growth has been -2.4% which is lower than the industry average of 3.2%. This indicates a slowdown in the company's sales.
Debt to Equity Ratio: The company's debt to equity ratio has increased from 0.05 to 0.07, indicating a higher level of debt compared to equity. This could potentially lead to financial strain for the company in the future.
Operating Profit Margin (OPM) - Quarterly: The OPM has decreased from 4.2% to 2.1%, indicating a decline in the company's profitability. This could be due to various factors such as increased costs or lower sales.
Overall, Eurotex Industri's financial performance for the quarter Mar 2024 has been lackluster, with a decline in PAT, revenue growth, and OPM. This has led to a 'Sell' call by MarketsMOJO. Investors should carefully consider these factors before making any investment decisions.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News