Flair Writing Industries Reports Decline in Financial Performance for Q1 FY25
Flair Writing Industries, a smallcap company in the printing and stationery industry, recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.
According to the financial report, Flair Writing’s performance has remained flat in the last quarter, with a score of -4 compared to 3 in the previous quarter. This indicates a decline in the company’s overall financial health.
One of the major factors contributing to this decline is the Profit Before Tax (PBT) less Other Income, which has fallen by 15.6% to Rs 30.45 crore compared to the average PBT of the previous four quarters, which was Rs 36.07 crore. This trend is expected to continue in the near term.
Similarly, the Profit After Tax (PAT) has also seen a decline of 10.9% to Rs 26.49 crore compared to the average PAT of the previous four quarters, which was Rs 29.74 crore. This indicates a negative trend in the company’s profitability in the near term.
Overall, Flair Writing’s financial performance for the quarter ending June 2024 has not been as per expectations. However, the company remains optimistic about its future prospects and is working towards improving its financials in the upcoming quarters. Investors are advised to hold their positions in the company’s stock for now.
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