Shree Krishna Paper Mills & Industries Reports Negative Performance, Receives 'Sell' Call

Aug 13 2024 09:08 PM IST
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Shree Krishna Paper Mills & Industries, a microcap company in the paper and paper products industry, has reported a negative performance in the quarter ending March 2024, with a score of -10. This is due to a decline in net sales and profit after tax, leading to a 'Sell' call by MarketsMojo.

Shree Krishna Paper Mills & Industries, a microcap company in the paper and paper products industry, recently announced its financial results for the quarter ending March 2024. The stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Shree Krishna Paper Mills & Industries has seen a negative performance in the quarter, with a score of -10, which has improved from -17 in the last 3 months. This indicates that the company has faced challenges in the recent quarter.

One of the major factors contributing to this negative performance is the net sales, which have shown a decline of -21.05% year on year, standing at Rs 71.24 crore. This trend is expected to continue in the near term, as the sales trend remains negative.

The company's profit after tax (PAT) has also been affected, with a decline of -21.05% year on year, standing at Rs -0.46 crore. This indicates that the company's profitability has been impacted in the recent quarter. The near term trend for PAT is also negative.

Based on the financial results, MarketsMOJO has given a 'Sell' call for Shree Krishna Paper Mills & Industries. It is important for investors to carefully consider these financials before making any investment decisions.
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