Salora International's Financial Results Show Decline in Net Sales, Receives 'Sell' Call from MarketsMOJO
Salora International, a microcap trading company, has recently announced its financial results for the quarter ending March 2024. The results, declared on August 12, 2024, have received a 'Sell' call from MarketsMOJO.
According to the financial report, Salora International has shown a flat performance in the quarter ending June 2024. The company's score has fallen from 0 to -3 in the last three months. This decline in score indicates that the company's financial performance has not been up to the mark.
One of the major factors contributing to this decline is the net sales of the company. In the quarter ending March 2024, Salora International's net sales stood at Rs 32.14 crore, which is a decrease of 19.2% compared to the average net sales of the previous four quarters, which was Rs 39.79 crore. This decline in net sales is a cause of concern for the company, and the near-term sales trend is also negative.
Moreover, the net sales for the quarter ending March 2024 is the lowest in the last five quarters, indicating a negative sales trend in the near future. These financial results suggest that Salora International is facing challenges in its business operations, and investors should be cautious while making any investment decisions related to the company.
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