Simran Farms Reports Positive Growth in Q3

Simran Farms, a microcap FMCG company, has recently declared its financial results for the quarter ended September 2023. The company has shown a positive growth in its net sales, consolidated net profit, and operating profit (PBDIT) excluding other income. The interest expenses have also decreased compared to the previous quarter.

According to MarketsMOJO, a leading financial analysis platform, the stock call for Simran Farms is 'Hold'. This is based on the company's financial performance in the quarter, which has shown a growth of 12.74% in net sales and a significant increase of 395.00% in consolidated net profit.

The operating profit margin (excluding other income) has also improved in the quarter, indicating a positive trend for the company. Simran Farms has seen a very positive financial performance in the quarter, with a score of 20 out of 100, which has improved from 6 in the last 3 months.

The company's profit before tax (PBT) and profit after tax (PAT) have also shown a significant growth of 244.3% and 192.5% respectively, compared to the average of the previous four quarters. However, the operating cash flow has been on a decline in the last three years, and the debtors turnover ratio has also slowed down.

Overall, Simran Farms has shown a positive financial performance in the quarter ended September 2023, with a growth in key areas such as net sales, net profit, and operating profit. However, the company needs to address its declining operating cash flow and slow pace of settling its debtors. Investors are advised to hold their position in the stock, as per MarketsMOJO's recommendation.