Shree Pacetronix Reports Mixed Financial Results for Q4 2023

Jan 30 2024 09:45 PM IST
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Shree Pacetronix, a microcap medical equipment company, reported its financial results for the quarter ending December 2023. While net sales have shown a positive trend, operating profit and profitability have declined. MarketsMojo has advised investors to hold their position in the company's stock.

Shree Pacetronix, a microcap medical equipment company, recently announced its financial results for the quarter ending December 2023. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Shree Pacetronix's performance for the quarter has been flat, with a score of -2 compared to 13 in the previous quarter. However, there are some positive aspects to the company's financials.

One of the highlights is the growth in net sales, which have increased by 20.80% year on year, reaching Rs 15.39 crore in the nine-month period. This indicates a positive sales trend in the near term.

On the other hand, there are some areas of concern for Shree Pacetronix. The company's operating profit (PBDIT) for the quarter was the lowest in the last five quarters at Rs 0.85 crore. This reflects a negative trend in the near term. Additionally, the operating profit margin for the quarter was also the lowest in the last five quarters, indicating a decline in the company's efficiency.

Furthermore, the profit before tax less other income (PBT) for the quarter was also the lowest in the last five quarters at Rs 0.53 crore. This shows a negative trend in the near term for the company's profitability.

The earnings per share (EPS) for the quarter were also the lowest in the last five quarters at Rs 1.11. This indicates a decline in profitability and lower earnings for shareholders.

Overall, Shree Pacetronix's financial performance for the quarter ending December 2023 has been mixed, with some positive and negative aspects. Investors are advised to hold their position in the company's stock, as recommended by MarketsMOJO.
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