Shree Ganesh Biotech India's Financial Performance Declines
Shree Ganesh Biotech India, a microcap company in the agriculture industry, reported a significant decline in net sales, standalone net profit, and operating profit for the quarter ended September 2023. This has resulted in a 'Strong Sell' call by MarketsMojo, with a negative trend in the company's score. The financial analysis also shows a decline in profit before tax, net sales, and profit after tax, with the lowest earnings per share in the last five quarters. Investors are advised to be cautious when considering this stock.
Shree Ganesh Biotech India, a microcap company in the agriculture industry, recently declared its financial results for the quarter ended September 2023. The company's net sales for the quarter saw a significant decline of -50.06% compared to the previous quarter, which had a growth of 3.38%. Similarly, the standalone net profit also saw a decline of -46.67% compared to the previous quarter's growth of 50.00%. The operating profit (PBDIT) excluding other income also saw a decline of -46.67% compared to the previous quarter's growth of 130.61%.
This decline in financial performance has led to a 'Strong Sell' call for Shree Ganesh Biotech India's stock by MarketsMOJO. The company's score has fallen from -15 to -16 in the last 3 months, indicating a negative trend.
The financial analysis highlights that the company's profit before tax (PBT) has fallen by -93.28% year on year, and the net sales and profit after tax (PAT) have also seen a decline of -70.74% year on year. The earnings per share (EPS) for the quarter were at its lowest in the last five quarters, indicating a declining profitability and lower earnings for shareholders.
Overall, the financial results for the quarter ended September 2023 have not been favorable for Shree Ganesh Biotech India. The company's performance has been negatively impacted, and investors are advised to exercise caution while considering this stock.
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