Kiran Syntex's Financial Performance Raises Concerns

This could be a cause for concern for investors.
Kiran Syntex, a microcap textile company, has recently declared its financial results for the quarter ended September 2023. According to the report, the company has not seen any net sales in the last few periods. However, there has been a 25% growth in standalone net profit compared to the previous quarter, which had a negative growth of 100%. Similarly, the operating profit (PBDIT) has also shown a 25% growth in the September quarter, after a 100% decline in the June quarter.

The company has not incurred any interest expenses in the last few periods, and there is no data available for the operating profit margin (excluding other income). Overall, Kiran Syntex has shown a flat financial performance in the September quarter, with a score of -3, which has improved from -6 in the last 3 months.

However, there are some concerns for the company based on its financials. The operating cash flow has been consistently falling in the last three years, with the lowest being Rs -0.07 Cr annually. This could be a red flag for investors as it indicates a decline in the company's cash revenues from business operations.

MarketsMOJO has given a 'Sell' call for Kiran Syntex based on its financial performance. The company's stock has not been performing well, and investors may want to carefully consider their investment decisions. This news article is based on factual information and does not include any future potential, investor interest, or expert opinions. It is important for investors to conduct their own research and analysis before making any investment decisions.