SBC Exports Shows Positive Trends in Financial Performance, Receives 'Hold' Call from MarketsMOJO

SBC Exports, a microcap company in the textile industry, has recently declared its financial results for the quarter ending March 2024. According to the latest report, the company's stock has been given a 'Hold' call by MarketsMOJO.

Despite a flat financial performance in the quarter, SBC Exports has shown improvement in its overall score, which has increased from -11 to 1 in the last three months. This can be attributed to the positive trends seen in various key financial indicators.

The company's Profit Before Tax less Other Income (PBT) has grown by 69.0% over the average PBT of the previous four quarters, while the Profit After Tax (PAT) has seen a growth of 64.5% over the average PAT of the previous four quarters. The Net Sales have also shown a positive trend, growing by 25.5% over the average of the previous four quarters.

SBC Exports has also recorded its highest Operating Profit (PBDIT) of Rs 6.05 crore in the last five quarters, indicating a positive trend in its operating performance. The company's PBT and PAT have also reached their highest levels in the last five quarters.

However, there are some areas of concern for SBC Exports. The interest cost has increased by 27.27% over the previous half-yearly period, indicating a rise in borrowings. The Debt-Equity Ratio has also reached its highest level in the last five half-yearly periods, suggesting that the company may be borrowing more to fund its operations. The Debtors Turnover Ratio has also slowed down, indicating a delay in the company's debt collection.

Overall, SBC Exports has shown positive trends in its financial performance, but there are some areas that need to be monitored closely. Investors are advised to hold their position in the company's stock, as recommended by MarketsMOJO.