Jayatma Industries' Financial Performance Declines in Q3

Nov 08 2023 12:00 AM IST
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Jayatma Industries, a microcap textile company, reported a decline in net sales, standalone net profit, and operating profit in the quarter ended September 2023. The company's financial score has also fallen, indicating a negative trend. Concerns over operating cash flow and declining net sales suggest a need for close monitoring of the company's performance.

Jayatma Industries, a microcap textile company, recently declared its financial results for the quarter ended September 2023. According to the analysis by MarketsMOJO, the stock call for the company is 'Sell'.

In the quarter ended September 2023, Jayatma Industries saw a decline in its net sales by 56.93% compared to the previous quarter. The standalone net profit also decreased by 33.33% in the same period. The operating profit (PBDIT) excluding other income also saw a significant decline of 86.96%. Additionally, the interest expenses for the company also decreased by 25.00% in the quarter.

The operating profit margin (excluding other income) has also fallen in the quarter ended September 2023 compared to the previous quarter. This indicates a negative financial performance for Jayatma Industries in the quarter.

The company's overall financial score has also fallen from -3 to -6 in the last three months, indicating a decline in its financial performance. The analysis suggests that there are certain areas that are not working for Jayatma Industries based on its September 2023 financials.

One of the major concerns is the company's operating cash flow, which has been consistently falling in the last three years. Additionally, the net sales for the company have also shown a negative trend in the last nine months. The profit before tax (PBT) less other income has also been the lowest in the last five quarters, indicating a negative trend in the near term.

Overall, the financial results for the quarter ended September 2023 have not been favorable for Jayatma Industries. Investors and stakeholders may want to closely monitor the company's financial performance in the coming quarters.
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