JK Agri Genetics Reports Decline in Q3 Results

Oct 17 2023 12:00 AM IST
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JK Agri Genetics, a microcap trading company, has reported a significant decline in net sales, standalone net profit, and operating profit for the quarter ended September 2023. The company's stock has been given a 'Strong Sell' call by MarketsMojo, with a negative financial performance resulting in a score of -12.

JK Agri Genetics, a microcap trading company, recently declared its financial results for the quarter ended September 2023. The company's stock has been given a 'Strong Sell' call by MarketsMOJO.

According to the quarterly analysis, there has been a significant decline in the company's net sales, standalone net profit, and operating profit (PBDIT) excluding other income, as compared to the previous quarter. The net sales have decreased by 88.12% while the standalone net profit has seen a decline of 302.95%. The operating profit margin (excluding other income) has also fallen from the previous quarter.

Moreover, the interest expenses have also increased by 2.43% in the quarter ended September 2023, as compared to the previous quarter. This negative financial performance has resulted in a score of -12 for the company, which has improved from -19 in the last three months.

The company's net sales have also seen a decline of 39.42% year on year, and the profit after tax (PAT) has grown at a negative rate of 32.42% in the last six months. The net sales for the quarter have been the lowest in the last five quarters, indicating a negative trend in the company's sales.

In conclusion, the financial results for the quarter ended September 2023 have not been favorable for JK Agri Genetics. The company's net sales, standalone net profit, and operating profit have all seen a decline, and the stock has been given a 'Strong Sell' call by MarketsMOJO.
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