Sai Silks (Kalamandir) Reports Negative Performance in Q1, MarketsMOJO Calls for 'Sell'

Sai Silks (Kalamandir) has recently announced its financial results for the quarter ending June 2024. The company, which operates in the retail industry and falls under the smallcap category, has seen a negative performance in this quarter. According to MarketsMOJO, the stock call for Sai Silks is 'Sell'.

The company's net sales for the quarter have fallen by 22.2% to Rs 267.29 crore, compared to the average net sales of the previous four quarters which stood at Rs 343.39 crore. This indicates a very negative trend in near term sales. Similarly, the profit before tax less other income (PBT) has also fallen by 114.1% to Rs -3.93 crore, compared to the average PBT of the previous four quarters which was Rs 27.81 crore. The profit after tax (PAT) has also seen a decline of 91.7% to Rs 2.09 crore, compared to the average PAT of the previous four quarters which was Rs 25.22 crore.

The company's operating profit to interest ratio has also reached its lowest point in the last five quarters at 1.85 times. This indicates a deteriorating ability to manage interest payments. The operating profit (PBDIT) for the quarter has also reached its lowest point in the last five quarters at Rs 18.92 crore, showing a negative trend in near term operating profit. The operating profit margin has also fallen to its lowest point in the last five quarters at 7.08%, indicating a decline in the company's efficiency.

The non-operating income for the quarter is 239.86% of the PBT, which suggests that the company's income from non-business activities is high and may not be a sustainable business model. The earnings per share (EPS) for the quarter has also reached its lowest point in the last five quarters at Rs 0.14, indicating a decline in profitability and lower earnings for shareholders.

Based on these financial results, MarketsMOJO has given a 'Sell' call for Sai Silks. The company's performance in this quarter has been negative and it will be important to see how they address these issues in the future.