Sainik Finance & Industries' Q3 Results Show Declining Profitability and Negative Trend
Sainik Finance & Industries, a microcap finance company, reported a decline in its financial performance for the quarter ended December 2023. The company's PBT and PAT have decreased significantly compared to the previous year, indicating a negative trend in the near term. The company's stock has been given a 'Hold' call by MarketsMojo.
Sainik Finance & Industries, a microcap finance company, recently announced its financial results for the quarter ended December 2023. The company's performance has been relatively flat, with a score of -4 compared to 16 in the previous quarter.
According to the financials, the company's Profit Before Tax (PBT) less Other Income has fallen by -170.93% Year on Year (YoY) to Rs -0.61 crore. This is a significant decrease and the near-term trend for PBT is negative. Similarly, the Profit After Tax (PAT) has also fallen by -149.4% YoY to Rs -0.40 crore, indicating a negative trend in the near term.
The Operating Profit (PBDIT) for the quarter was at its lowest in the last five quarters, standing at Rs 1.84 crore. This is a concerning trend for the company's profitability. Additionally, the company's Earnings per Share (EPS) for the quarter was at its lowest in the last five quarters, at Rs -0.37. This indicates a declining profitability and lower earnings for shareholders.
Based on these financials, MarketsMOJO has given a 'Hold' call for Sainik Finance's stock. The company's performance in the quarter has not been impressive and the near-term trend is negative. Investors are advised to carefully consider these financials before making any investment decisions.
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