Sambandam Spinning Mills Reports Flat Performance in Q1 FY25, But Shows Positive Sales Trend

Aug 12 2024 08:16 AM IST
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Sambandam Spinning Mills, a microcap textile company, reported a flat performance in the quarter ending June 2024 with a score of 3 out of 10. However, net sales for the quarter were the highest in the last five quarters, indicating a positive trend in sales. MarketsMojo has given a 'Sell' call for the company's stock.

Sambandam Spinning Mills, a microcap textile company, recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO, a leading financial analysis platform.

According to the financial report, Sambandam Spinning Mills has shown a flat performance in the quarter, with a score of 3 out of 10. However, this is an improvement from the previous quarter’s score of 0.


Despite the flat performance, there are some positive aspects to note from the financials. The company’s net sales for the quarter were the highest in the last five quarters, at Rs 68.75 crore. This is a 26.1% increase from the average net sales of the previous four quarters, which were at Rs 54.52 crore. This indicates a positive trend in the company’s sales in the near term.


Investors should note that this article is based on the company’s financial results and the ‘Sell’ call given by MarketsMOJO. It is important to conduct further research and analysis before making any investment decisions.


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