Shree Rama Newsprint Reports Mixed Financial Results for Q3 2024

Nov 12 2024 09:38 AM IST
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Shree Rama Newsprint, a microcap company in the paper and paper products industry, reported a negative performance in the quarter ending September 2024 with a score of -6. However, the company's EPS was the highest in the last five quarters, indicating increased profitability. Net sales and PBT also saw a decrease, suggesting a negative trend in the near term. Investors should carefully evaluate before investing.

Shree Rama Newsprint, a microcap company in the paper and paper products industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.

According to the financial report, Shree Rama Newsprint has seen a negative performance in the quarter, with a score of -6 compared to -5 in the previous quarter. However, there are some positive aspects to the company's financials. The earnings per share (EPS) for the quarter were the highest in the last five quarters, at Rs -0.68. This shows an increase in profitability and a higher return for shareholders.

On the other hand, there are also some concerning factors in the financial report. The net sales for the quarter were at Rs 9.00 crore, which is a decrease of 22.9% compared to the average net sales of the previous four quarters. This indicates a negative trend in sales in the near term. Similarly, the profit before tax less other income (PBT) for the quarter was at Rs -6.38 crore, a decrease of 53.7% compared to the average PBT of the previous four quarters. This also shows a negative trend in the near term.

Overall, Shree Rama Newsprint's financial performance for the quarter ending September 2024 has been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.
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