SAB Industries' Q4 Financial Results Show Mixed Performance, Investors Advised to Evaluate Carefully

Feb 14 2024 11:15 PM IST
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SAB Industries, a microcap real estate company, reported its financial results for the quarter ending December 2023. While net sales showed a positive trend with a 33.5% growth, profit after tax declined by -148.3% and interest cost increased by 115,999,900.00%. The company's overall performance was mixed, with some areas of concern for investors.

SAB Industries, a microcap real estate company, recently announced its financial results for the quarter ending December 2023. According to the data released on February 14, 2024, the company's stock has been given a 'Sell' call by MarketsMOJO.

The financial performance of SAB Industries for the quarter has remained flat, with a score of 1 compared to 28 in the previous 3 months. However, there are some positive aspects to the company's performance based on the December 2023 financials.

The net sales for the quarter were at Rs 5.01 crore, showing a growth of 33.5% over the average net sales of the previous four quarters, which were at Rs 3.75 crore. This indicates a positive trend in the near term for the company's sales.

On the other hand, the profit after tax (PAT) for the quarter was at Rs -9.15 crore, a decline of -148.3% over the average PAT of the previous four quarters, which was at Rs 18.94 crore. This shows a very negative trend in the near term for the company's profitability.

The interest cost for the quarter was at Rs 1.16 crore, which has increased by a staggering 115,999,900.00% quarter on quarter (QoQ). This rise in interest cost signifies increased borrowings for the company.

Moreover, the profit before tax less other income (PBT) for the quarter was at its lowest at Rs -10.20 crore in the last five quarters, indicating a negative trend in the near term. The earnings per share (EPS) for the quarter were also at its lowest at Rs -6.02, showing a decline in profitability and lower earnings for shareholders.

Overall, SAB Industries has shown a mixed performance in the quarter ending December 2023. While there are some positive aspects such as the growth in net sales, the decline in PAT and PBT, along with the increase in interest cost, are areas of concern for the company. Investors are advised to carefully evaluate the company's financials before making any investment decisions.
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