Flexituff Ventures International Reports Negative Financial Results for Q4 2023

Flexituff Ventures International, a microcap company in the packaging industry, recently announced its financial results for the quarter ending December 2023. According to the report released on February 2, 2024, the company's stock has been given a 'Sell' call by MarketsMOJO.

The company's financial performance for the quarter has been negative, with a score of -17, showing a slight improvement from the previous quarter's score of -19. The report highlights some areas that are not working in favor of Flexituff Ventures based on their December 2023 financials.

One of the major concerns is the decline in net sales, which has fallen by -34.69% year on year, standing at Rs 147.23 crore. This trend is expected to continue in the near term. Additionally, the company's interest cost has increased by 22.13% over the previous half-yearly period, indicating a rise in borrowings.

The company's net sales for the quarter have been the lowest in the last five quarters, further emphasizing the negative sales trend in the near term. The profit before tax less other income (PBT) for the quarter has also been the lowest in the last five quarters, standing at Rs -67.16 crore. The profit after tax (PAT) has also seen a decline of -7.1% year on year, with a value of Rs -54.15 crore.

Overall, the financial results for the quarter ending December 2023 have not been favorable for Flexituff Ventures International. Investors are advised to take note of these numbers and make informed decisions.