Parvati Sweetners and Power's Q1 FY25 Financial Results Show Mixed Performance
Parvati Sweetners and Power, a microcap company in the sugar industry, recently announced its financial results for the quarter ending March 2024. The results, declared on August 12, 2024, have received a ‘Strong Sell’ call from MarketsMOJO.
According to the financials, Parvati Sweetners has seen a flat performance in the quarter, with a score of 3 out of 10, a significant decrease from the previous quarter’s score of 10. However, there are some positive aspects to the company’s performance.
The net sales for the quarter were at Rs 29.14 crore, showing a growth of 44.7% compared to the average net sales of the previous four quarters, which were at Rs 20.15 crore. This indicates a positive trend in the company’s sales in the near term.
On the other hand, the profit after tax (PAT) for the nine-month period has decreased by 76.14% year on year, standing at Rs 1.10 crore. The operating profit (PBDIT) for the quarter was also at its lowest in the last five quarters, at Rs 1.95 crore, showing a negative trend in the near term. The operating profit margin for the quarter was also at its lowest in the last five quarters, indicating a decline in the company’s efficiency.
Furthermore, the profit before tax (PBT) less other income for the quarter was at its lowest in the last five quarters, standing at Rs -0.06 crore. The earnings per share (EPS) for the quarter were also at its lowest in the last five quarters, at Rs 0.00, showing a decline in profitability and lower earnings for shareholders.
Overall, Parvati Sweetners and Power’s financial performance for the quarter ending March 2024 has been mixed, with some positive and negative aspects. Investors are advised to carefully consider these factors before making any investment decisions.
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