Saboo Sodium's Q3 Financial Results Decline

Saboo Sodium Chloro, a microcap company in the FMCG industry, recently declared its financial results for the quarter ended September 2023. The company's net sales for the quarter saw a decline of 19.34% compared to the previous quarter, while the standalone net profit also decreased by 88.68%. The operating profit (PBDIT) excluding other income also saw a decline of 33.33% in the same period.

Despite these declines, Saboo Sodium's profit after tax (PAT) for the half-yearly period was higher at Rs 0.59 crore compared to the previous 12 months. However, the company's net sales for the quarter were at its lowest in the last five quarters, indicating a negative trend in the near term.

On the positive side, Saboo Sodium's PAT for the half-yearly period has already surpassed the previous 12 months, showing a strong performance in terms of profitability. However, the company's cash and cash equivalents have decreased, and its debtors turnover ratio has slowed down, indicating a deteriorating short-term liquidity.

MarketsMOJO has given a 'Sell' call for Saboo Sodium's stock, and the company's financial score has fallen from 1 to -5 in the last three months. While there are some positive aspects in the financial results, the overall performance of Saboo Sodium in the quarter ended September 2023 has been flat. Investors should carefully consider these factors before making any investment decisions.