Meyer Apparel's Q1 FY25 Financial Report Shows Positive Trend in Profitability and Performance

Meyer Apparel, a microcap company in the textile industry, recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.

According to the financial report, Meyer Apparel’s performance for the quarter has remained flat. However, there has been a significant improvement in the company’s score, which has increased from 0 to 4 in the last three months.

One of the key highlights of the financial report is the company’s operating profit (PBDIT), which has been the highest in the last five quarters at Rs -0.27 crore. This indicates a positive trend in the near term for Meyer Apparel’s operating profit. Similarly, the profit before tax less other income (PBT) and profit after tax (PAT) have also shown an upward trend, with the highest figures in the last five quarters. This reflects the company’s positive performance in terms of profitability.

Moreover, Meyer Apparel’s earnings per share (EPS) have also increased, with the highest figure of Rs -0.03 in the last five quarters. This indicates that the company has been able to generate higher earnings for its shareholders.

Overall, Meyer Apparel’s financial results for the quarter ending June 2024 show a positive trend in terms of profitability and performance. However, investors should take note of the ‘Sell’ call given by MarketsMOJO and make informed decisions while investing in the company’s stock.