Jay Shree Tea & Industries Reports Negative Performance in Q1 2024
Jay Shree Tea & Industries, a microcap company in the tea/coffee industry, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Strong Sell' call by MarketsMOJO.
According to the financial report, Jay Shree Tea has seen a negative performance in the quarter, with a score of -8 compared to -7 in the previous quarter. This decline can be attributed to several factors.
One of the major concerns for the company is its net sales, which have been at their lowest in the last five quarters at Rs 138.93 crore. This indicates a negative trend in the near term. Additionally, the net sales have also decreased by 5.35% year on year, further highlighting the negative trend.
Another red flag for Jay Shree Tea is its interest cost, which has increased by 16.43% quarter on quarter and is at its highest in the last five quarters at Rs 10.77 crore. This suggests that the company has taken on more borrowings, which could impact its financial stability.
The operating profit (PBDIT) for the quarter is also at its lowest in the last five quarters at Rs -50.64 crore, indicating a negative trend. The operating profit margin is also at its lowest at -36.45%, showing a decline in the company's efficiency.
Furthermore, the profit before tax less other income (PBT) for the quarter is at its lowest in the last five quarters at Rs -67.11 crore. This is a 6% decrease year on year and reflects a negative trend in the near term. The earnings per share (EPS) for the quarter is also at its lowest at Rs -5.20, indicating a decline in profitability and lower earnings for shareholders.
Overall, the financial results for the quarter ending March 2024 have not been favorable for Jay Shree Tea & Industries. Investors should carefully consider these factors before making any investment decisions.
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