Scoobee Garments India Reports Negative Financial Results for Q1 2024
Scoobee Day Garments India, a microcap company in the paper and paper products industry, has reported a negative financial performance for the quarter ending March 2024. The company's net sales, profit before tax, and profit after tax have all seen a significant decline, indicating a negative trend in the near term.
Scoobee Day Garments India, a microcap company in the paper and paper products industry, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.
According to the financial report, Scoobee Garments has seen a negative performance in the quarter, with a score of -19 compared to 4 in the previous quarter. This decline can be attributed to various factors, including a decrease in net sales, profit before tax, and profit after tax.
The company's net sales for the quarter were at Rs 7.54 crore, which is a significant decrease of 35.3% compared to the average net sales of the previous four quarters. This indicates a negative trend in the company's sales in the near term.
Similarly, the profit before tax less other income (PBT) for the quarter was at Rs -0.70 crore, a decrease of 137.9% compared to the average PBT of the previous four quarters. The profit after tax (PAT) also saw a decline of 134.6% compared to the average PAT of the previous four quarters.
In addition, Scoobee Garments' operating profit (PBDIT) for the quarter was at its lowest in the last five quarters, at Rs 0.52 crore. The operating profit margin also saw a decline, reaching its lowest at 6.90%. This indicates a decrease in the company's efficiency.
The company's earnings per share (EPS) for the quarter were at its lowest in the last five quarters, at Rs -0.56. This shows a decline in profitability and a lower return for shareholders.
Overall, Scoobee Day Garments India's financial performance for the quarter ending March 2024 has been negative, with a decline in sales, profit, and efficiency. Investors should take note of these factors before making any investment decisions.
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