Lasa Supergenerics Reports Negative Performance in Q4, Receives 'Strong Sell' Rating

Feb 13 2024 10:05 PM IST
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Lasa Supergenerics, a microcap pharmaceutical company, has reported a negative performance in the quarter ending December 2023, with a score of -6. This is due to a decline in net sales and profit after tax. MarketsMojo has given a 'Strong Sell' rating for the company's stock based on these financial results.

Lasa Supergenerics, a microcap pharmaceutical company, recently announced its financial results for the quarter ending December 2023. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.

According to the financial report, Lasa Supergenerics has seen a negative performance in the quarter, with a score of -6, which has improved from -7 in the last 3 months. This indicates that the company's financials have not been performing well.

One of the major factors contributing to this negative performance is the decline in net sales. The company's net sales for the quarter were Rs 26.66 crore, which is a decrease of -15.90% compared to the same quarter last year. This trend is expected to continue in the near term.

Additionally, the company's profit after tax (PAT) for the half-yearly period has also shown a decline. At Rs -1.48 crore, the PAT has decreased by -22.03% compared to the previous year. This indicates a negative trend in the company's profitability in the near term.

Based on these financial results, MarketsMOJO has given a 'Strong Sell' rating for Lasa Supergenerics' stock. It is important for investors to carefully consider these financials before making any investment decisions.
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