Satia Industries works towards improving debt and financial performance

Despite the negative financial performance in the quarter ending June 2024, Satia Industries, a smallcap company in the paper and paper products industry, has been making efforts to improve its debt-equity ratio. In the last five half yearly periods, the company has consistently reduced its borrowing in comparison to its equity capital, with the current ratio standing at a low of 0.34 times.

However, the company's profit before tax (PBT) and profit after tax (PAT) have both seen a significant decline of -39.81% and -39.3% respectively, compared to the same quarter last year. This has resulted in a negative trend in the near term for both PBT and PAT.

Moreover, the net sales for the quarter have also fallen by -17.00% year on year, indicating a negative trend in the near term. This has led to MarketsMOJO giving a 'Hold' call for Satia Industries' stock.

Despite the negative financial results, Satia Industries remains committed to improving its performance and reducing its debt. Investors are advised to closely monitor the company's progress and make informed decisions based on the company's financial performance.