Galaxy Agrico Exports Reports Decline in Q3 Profits
Galaxy Agrico Exports, a microcap bearings company, reported a decline in net sales and standalone net profit for the quarter ended September 2023. The operating profit and PBT also saw a sharp decline, leading to a 'Sell' call by MarketsMojo. The company's overall financial performance has been flat, with a negative trend in operating profit, PBT, and EPS. Investors should carefully consider these factors before making any investment decisions.
Galaxy Agrico Exports, a microcap company in the bearings industry, recently declared its financial results for the quarter ended September 2023. According to the data released on November 4, 2023, the company's net sales saw a decline of 0.77% compared to the previous quarter, which had a much larger decline of 22.62%. The standalone net profit also saw a significant decrease of 140.00% compared to a growth of 11.76% in the previous quarter.
The operating profit (PBDIT) excluding other income also saw a sharp decline of 172.73% compared to a decline of 57.14% in the previous quarter. However, the interest remained unchanged at 0.00% for both quarters. The operating profit margin (excluding other income) also saw a decline from the previous quarter.
MarketsMOJO, a leading financial analysis platform, has given a 'Sell' call for Galaxy Agrico's stock based on these financial results. The company's overall financial performance for the quarter has been flat, with a score of -3 compared to 0 in the previous quarter.
The data also shows that the company's operating profit and profit before tax (PBT) have been at their lowest in the last five quarters, indicating a negative trend in the near term. The earnings per share (EPS) for the quarter also saw a decline, reaching its lowest at Rs -1.32 in the last five quarters. This suggests a declining profitability for the company and lower earnings for its shareholders.
In conclusion, the financial results for the quarter ended September 2023 have not been favorable for Galaxy Agrico Exports. The company's stock has been given a 'Sell' call by MarketsMOJO, and the data shows a negative trend in its operating profit, PBT, and EPS. Investors should carefully consider these factors before making any investment decisions.
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