Shree Bhavya Fabrics Reports Decline in Performance for Q4 2023.
Shree Bhavya Fabrics, a microcap textile company, recently announced its financial results for the quarter ending December 2023. According to the report released on February 12, 2024, the company's stock has been given a 'Sell' call by MarketsMOJO.The financial performance of Shree Bhavya for the quarter has been flat, with a score of -5 compared to -1 in the previous three months. This indicates a decline in the company's overall performance.
One of the major factors contributing to this decline is the net sales, which have fallen by 24.9% to Rs 33.46 crore compared to the average net sales of the previous four quarters, which stood at Rs 44.57 crore. This is a significant decrease and the near-term sales trend is also negative.
Moreover, the net sales for the quarter are the lowest in the last five quarters, further highlighting the negative sales trend for the company.
Another concerning aspect is the earnings per share (EPS) for the quarter, which stands at Rs 0.22, the lowest in the last five quarters. This indicates a decline in profitability and the company has not been able to generate higher earnings for its shareholders.
In conclusion, based on the financial results for the quarter ending December 2023, Shree Bhavya Fabrics has seen a decline in its performance. The company's stock has been given a 'Sell' call by MarketsMOJO, indicating a negative outlook for the company.
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