Sirca Paints India Reports Negative Financial Results for Q1 FY25
Sirca Paints India, a smallcap company in the paints industry, recently announced its financial results for the quarter ending June 2024. According to the report released on August 10, 2024, the company’s performance has been negative, with a score of -7 compared to 1 in the previous quarter.
The company’s Profit Before Tax (PBT) has fallen by 20.2% to Rs 12.51 crore, compared to the average PBT of the previous four quarters which was Rs 15.68 crore. This indicates a very negative trend in the near term. Similarly, the Profit After Tax (PAT) has also fallen by 20.6% to Rs 10.21 crore, compared to the average PAT of the previous four quarters which was Rs 12.86 crore.
The company’s Operating Profit Margin for the quarter was at its lowest in the last five quarters, at 17.88%. This indicates a deterioration in the company’s efficiency. Additionally, the Earnings per Share (EPS) for the quarter was also at its lowest in the last five quarters, at Rs 1.86. This shows a declining profitability and lower earnings for shareholders.
Based on these financial results, MarketsMOJO has given a ‘Strong Sell’ call for Sirca Paints’ stock. The company’s performance in the quarter ending June 2024 has not been favorable, and it is important for investors to carefully consider these factors before making any investment decisions.
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