Shiva Global Agro Industries Reports Negative Quarter

Shiva Global Agro Industries, a microcap company in the fertilizer industry, has recently declared its financial results for the quarter ended September 2023. The company's net sales for the quarter have seen a significant decline of -35.42% compared to the previous quarter, which was at -13.07%. Similarly, the consolidated net profit has also seen a sharp decline of -866.15% compared to the previous quarter's growth of 983.33%.

The company's operating profit (PBDIT) excluding other income has also seen a negative growth of -165.58% compared to the previous quarter's growth of 31.90%. Additionally, the interest cost has also increased by 3.68% compared to the previous quarter's decline of -24.30%. This signifies an increase in borrowings for the company.

The operating profit margin (excluding other income) has also fallen from the previous quarter, indicating a decrease in the company's efficiency. The financial performance of Shiva Global for the quarter has been very negative, with a score that has remained the same for the past three months.

The company's net sales for the quarter have fallen to Rs 68.45 crore, which is -45.7% lower than the average net sales of the previous four quarters. Similarly, the profit before tax (PBT) has also seen a sharp decline of -1053.2% compared to the average PBT of the previous four quarters. The profit after tax (PAT) has also seen a decline of -753.1% compared to the average PAT of the previous four quarters.

The company's interest cost has increased by 48.34% over the preceding nine months period, indicating a rise in borrowings. The company's ability to manage interest payments has also deteriorated, with the operating profit to interest ratio being the lowest in the last five quarters.

Overall, the financial results for the quarter ended September 2023 have not been favorable for Shiva Global Agro Industries. The company's sales, profitability, and efficiency have all seen a decline, indicating a challenging quarter for the microcap company in the fertilizer industry.