Shubham Polyspin's Q4 financials show decline in operating profit and PBT, 'Strong Sell' call by MarketsMOJO
Shubham Polyspin, a microcap textile company, reported a 21.85% increase in net sales for the nine-month period ending March 2024. However, the company's operating profit and PBT for the quarter were at their lowest in the last five quarters, indicating a negative trend in the near term. MarketsMojo has given a 'Strong Sell' call for the company's stock.
Shubham Polyspin, a microcap textile company, recently announced its financial results for the quarter ending March 2024. The company's net sales for the nine-month period have shown a growth of 21.85% year on year, reaching Rs 38.65 crore. This indicates a positive trend in the company's sales performance in the near term.
However, the company's operating profit (PBDIT) for the quarter was at its lowest in the last five quarters, standing at Rs 0.09 crore. This reflects a negative trend in the company's operating profit in the near term. Additionally, the operating profit margin for the quarter was also at its lowest in the last five quarters, at 0.67%. This suggests a decline in the company's efficiency.
Furthermore, the company's profit before tax less other income (PBT) for the quarter was at its lowest in the last five quarters, at Rs -0.41 crore. This indicates a negative trend in the company's PBT in the near term.
MarketsMOJO, a leading financial analysis platform, has given a 'Strong Sell' call for Shubham Polyspin's stock. This is based on the company's flat financial performance in the quarter ending March 2024 and the negative trends in its operating profit and PBT. Investors should carefully consider these factors before making any investment decisions.
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