Shree Rama Newsprint's Q2 Financial Results Show Flat Performance and Rising Interest Expenses

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

According to the financial report, Shree Rama Newsprint's performance for the quarter has been flat. However, there has been a slight improvement in the company's score, which has gone from -18 to -5 in the last three months.

One of the major concerns for the company is its interest expenses, which have increased by 49.59% over the preceding nine months period. This indicates that the company has taken on more borrowings, which could impact its financial health in the long run.

Moreover, the company's Profit Before Tax less Other Income (PBT) for the quarter has fallen by -13.0% compared to the average PBT of the previous four quarters. This negative trend in PBT is a cause for concern in the near term.

Overall, Shree Rama Newsprint's financial performance for the quarter ending June 2024 has not been very promising. Investors should carefully consider these factors before making any investment decisions. This news is based on the company's financial report and the 'Sell' call given by MarketsMOJO.