Sam Industries' Q3 Financial Results Show Negative Performance, MarketsMOJO Gives 'Strong Sell' Call

Sam Industries, a microcap company in the solvent extraction industry, recently announced its financial results for the quarter ending September 2024. The results have been declared on November 14, 2024.

According to the financial report, the company has seen a negative performance in the quarter, with a score of -16 compared to 7 in the previous quarter. This decline can be attributed to various factors.

One of the key indicators of the company's performance, the Profit Before Tax (PBT) less Other Income, has fallen by 91.20% year on year, standing at Rs 0.19 crore. The near-term trend for PBT is also negative. Similarly, the Profit After Tax (PAT) has also seen a significant decline of 100.3% year on year, with a value of -0.03 crore. The near-term trend for PAT is also negative.

In terms of sales, the company has reported a growth of -29.06% year on year, with net sales of Rs 8.25 crore in the nine-month period. However, the near-term trend for sales is negative.

Based on these financial results, MarketsMOJO has given a 'Strong Sell' call for Sam Industries' stock. The company's performance in the quarter has not been favorable, and the near-term trends also indicate a negative outlook. Investors are advised to carefully consider these factors before making any investment decisions.