Saboo Sodium Chloro's Q3 Financial Report Shows Mixed Results

Saboo Sodium Chloro, a microcap FMCG company, recently announced its financial results for the quarter ending December 2023. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Saboo Sodium's performance for the quarter has been flat, with a score of -2, showing a slight improvement from the previous quarter's score of -5. However, there are some positive aspects to the company's financials.

The company's operating profit (PBDIT) for the quarter was the highest in the last five quarters, at Rs 3.02 crore. The operating profit margin was also at its highest in the last five quarters, at 26.22%, indicating an improvement in the company's efficiency.

The profit before tax (PBT) and profit after tax (PAT) for the quarter were also the highest in the last five quarters, at Rs 2.03 crore each. This shows a positive trend in the company's near-term PBT and PAT.

However, there are some areas of concern for Saboo Sodium. The company's cash and cash equivalents for the half-yearly period were at its lowest in the last six periods, at Rs -0.27 crore. This indicates a deteriorating short-term liquidity for the company.

Additionally, the debtors turnover ratio for the half-yearly period was at its lowest in the last five periods, at 2.95 times. This suggests that the company's pace of settling its debtors has slowed down.

Overall, Saboo Sodium's financial performance for the quarter ending December 2023 has been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.