Scoobee Day Garments India Reports Negative Financial Results for Q1 FY25

Scoobee Day Garments India, a microcap company in the paper and paper products industry, recently announced its financial results for the quarter ending March 2024. The results, declared on August 12, 2024, have received a “Strong Sell” call from MarketsMOJO.

The company’s financial performance for the quarter has been negative, with a score of -13, showing a slight improvement from the previous quarter’s score of -18. However, there are some positive aspects to note from the financials.

Scoobee Garments has shown a strong Debtors Turnover Ratio, with a high of 70.53 times in the last half-yearly period and consistent growth in the last five periods. This indicates that the company has been able to settle its debtors at a faster rate.

On the other hand, there are some concerning factors in the financials. The company’s Net Sales for the quarter have fallen by 29.5% compared to the average of the previous four quarters. This shows a negative trend in near-term sales.

The Profit After Tax (PAT) for the half-yearly period has also shown a negative trend, with a growth of -42.20% year on year. Additionally, the company’s Net Sales for the quarter are at their lowest in the last five quarters, indicating a negative trend in near-term sales.

Furthermore, the company’s Cash and Cash Equivalents for the half-yearly period are at their lowest in the last six periods, showing a deterioration in short-term liquidity.

Overall, the financial results for the quarter ending March 2024 for Scoobee Day Garments India have been negative, with some concerning factors to note. Investors should carefully consider these factors before making any investment decisions.