Samyak International's Q1 financials show mixed results, with positive sales and operating profit but declining profits

Samyak International, a microcap finance company, has recently announced its financial results for the quarter ended March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Samyak International has seen a negative performance in the quarter, with a score of -8, which has improved from -13 in the last three months. However, there are some positive aspects to the company's financials.

The net sales for the quarter were at Rs 24.33 crore, showing a growth of 72.2% compared to the average net sales of the previous four quarters, which were at Rs 14.13 crore. This indicates a very positive trend in the near term for the company's sales.

The operating profit (PBDIT) for the quarter was the highest in the last five quarters, at Rs 3.39 crore. This also shows a positive trend in the near term for the company's operating profit.

However, the profit after tax (PAT) for the half-yearly period was at Rs 2.42 crore, showing a decline of -80.28% year on year. This indicates a very negative trend in the near term for the company's profits.

Overall, Samyak International's financial performance for the quarter has been a mix of positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.