Menon Bearings Reports Negative Financial Performance in Q4 2023
Menon Bearings, a microcap company in the auto ancillary industry, recently announced its financial results for the quarter ending December 2023. The company's stock has been given a 'Hold' call by MarketsMOJO.
According to the financial report, Menon Bearings has seen a negative performance in the quarter, with a score of -6 compared to -4 in the previous quarter. This decline can be attributed to various 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 49.38 crore. This is a decrease of 5.1% from the average net sales of the previous four quarters, indicating a negative trend in the near term.
The operating profit (PBDIT) for the quarter has also been at its lowest in the last five quarters at Rs 9.50 crore. This shows a negative trend in the near term for the company's operating efficiency.
The operating profit margin has also seen a decline, reaching its lowest at 19.24% in the last five quarters. This indicates a deterioration in the company's efficiency.
Furthermore, the profit before tax less other income (PBT) has also been at its lowest in the last five quarters at Rs 6.50 crore. This shows a negative trend in the near term for the company's profitability.
The earnings per share (EPS) for the quarter have also been at their lowest at Rs 1.00, indicating a decline in profitability and lower earnings for shareholders.
Overall, Menon Bearings has seen a negative financial performance in the quarter ending December 2023. Investors are advised to hold their stock and closely monitor the company's performance in the coming quarters.
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