Sharda Cropchem's Financial Report Shows Negative Performance, Receives 'Sell' Call from MarketsMOJO

Sharda Cropchem, a smallcap company in the pesticides and agrochem industry, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Sharda Cropchem has seen a negative performance in the quarter, with a score of -17, which has improved from -19 in the last 3 months. This indicates that the company's financials have not been performing well.

One of the major factors contributing to this negative performance is the decline in Profit After Tax (PAT) for the quarter. At Rs 143.47 crore, the PAT has fallen by 27.8% compared to the same quarter last year. The near-term trend for PAT is also negative.

Another concerning aspect is the decline in Net Sales for the quarter. At Rs 1,312.05 crore, the net sales have fallen by 11.46% compared to the same quarter last year. The near-term trend for sales is also negative.

The company's Profit Before Tax less Other Income (PBT) has also seen a decline of 19.22% compared to the same quarter last year, at Rs 200.41 crore. The near-term trend for PBT is also negative.

Based on these financials, MarketsMOJO has given a 'Sell' call for Sharda Cropchem's stock. Investors should carefully consider these factors before making any investment decisions.