Simran Farms Reports Mixed Performance in Q1 FY25 Financial Results

Simran Farms, a microcap company in the FMCG industry, has recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.

According to the financial report, Simran Farms has shown a flat performance in the quarter, with a score of 1 compared to -4 in the previous quarter. However, there are some positive aspects to the company’s performance. The net sales for the quarter were the highest at Rs 138.42 crore and have been growing consistently for the past five quarters. This indicates a positive trend in the company’s sales in the near term.

On the other hand, there are some areas that need improvement. The profit before tax (PBT) has fallen by -154.0% compared to the average PBT of the previous four quarters. Similarly, the profit after tax (PAT) has also fallen by -87.8% compared to the average PAT of the previous four quarters. This shows a negative trend in the company’s profitability in the near term.

Another concerning aspect is the high non-operating income, which is 439.13% of the PBT. This indicates that the company’s income from non-business activities is high, which may not be a sustainable business model. The non-operating income has also increased significantly in the last five quarters, which may not be sustainable in the long run.

Overall, Simran Farms has shown a mixed performance in the quarter ending June 2024. While there are some positive aspects, there are also areas that need improvement. Investors are advised to hold their position in the company’s stock and monitor its performance closely in the coming quarters.