Ramasigns Industries Reports Decline in Financial Performance for Q1 2024

May 28 2024 09:15 PM IST
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Ramasigns Industries has reported its financial results for the quarter ending March 2024, despite a strong sell call from MarketsMojo. The company has seen a decline in net sales and profitability, with a continuous negative trend in the last five quarters. However, the company remains committed to improving its performance in the future.

Despite a strong sell call from MarketsMOJO, Ramasigns Industries has declared its financial results for the quarter ending March 2024. The microcap trading company has seen a decline in its financial performance, with a score of -11 compared to -9 in the previous quarter.

The net sales for the company have decreased by -62.88% year on year, with a total of Rs 6.37 crore in the last nine months. This trend is expected to continue in the near term, as the sales trend remains negative.

The profit after tax (PAT) for the quarter is at its lowest, with a loss of Rs -2.33 crore. This is a continuous decline in the last five quarters, indicating a negative trend in the near term. The operating profit (PBDIT) has also seen a decline, with a low of Rs -1.71 crore in the last five quarters.

The profit before tax (PBT) less other income has also hit its lowest point at Rs -1.91 crore in the last five quarters. This shows a negative trend in the near term for the company's profitability. The earnings per share (EPS) have also decreased, with a low of Rs -0.82 in the last five quarters. This indicates a decline in profitability and lower earnings for shareholders.

Despite these negative financial results, Ramasigns Industries remains committed to its trading business. The company will continue to work towards improving its financial performance in the future.
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