Greenpanel Industries Reports Decline in Financial Performance for Q1 2024
Greenpanel Industries, a smallcap company in the wood products industry, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.
According to the financial report, Greenpanel Industries has seen a negative performance in the quarter, with a score of -14, which is an improvement from the previous quarter's score of -18. This indicates a decline in the company's financial health.
The company's Profit Before Tax (PBT) less Other Income has fallen by 28.6% to Rs 32.88 crore, compared to the average PBT of the previous four quarters which was Rs 46.06 crore. This trend is expected to continue in the near term.
Similarly, the Profit After Tax (PAT) has also decreased by 34.4% to Rs 29.81 crore, compared to the average PAT of the previous four quarters which was Rs 45.45 crore. This indicates a negative trend in the company's profitability.
The Operating Profit (PBDIT) for the quarter was at its lowest in the last five quarters, at Rs 51.30 crore. This shows a negative trend in the company's operating profit in the near term.
The Operating Profit Margin for the quarter was also at its lowest in the last five quarters, at 12.93%. This indicates a decline in the company's efficiency.
Furthermore, the company's Earnings per Share (EPS) for the quarter was at its lowest in the last five quarters, at Rs 2.43. This shows a decline in the company's profitability and lower earnings for shareholders.
Overall, Greenpanel Industries has shown a negative financial performance in the quarter ending March 2024. Investors should carefully consider these factors before making any investment decisions.
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