SKM Egg Products Export (India) Reports Significant Decline in Financial Performance for Q1 2024

SKM Egg Products Export (India) has recently announced its financial results for the quarter ending March 2024. According to the data, the company has seen a significant decline in its financial performance, with a score of -20 compared to -8 in the previous quarter.

The profit before tax (PBT) has fallen by 85.8% to Rs 4.76 crore, which is significantly lower than the average PBT of the previous four quarters at Rs 33.61 crore. This indicates a very negative trend in the near term for the company's PBT.

Similarly, the profit after tax (PAT) has also seen a decline of 61.7% to Rs 10.07 crore, compared to the average PAT of Rs 26.27 crore in the previous four quarters. The net sales have also fallen by 10.5% to Rs 162.28 crore, which is lower than the average net sales of Rs 181.38 crore in the previous four quarters.

The company's ability to manage interest payments has also deteriorated, with the operating profit to interest ratio at its lowest in the last five quarters. The operating profit (PBDIT) has also seen a decline, with the lowest figure of Rs 10.54 crore in the last five quarters.

The operating profit margin has also hit its lowest at 6.49%, indicating a decline in the company's efficiency. The non-operating income, which is 66.07% of the PBT, is also a cause for concern as it shows a high reliance on non-business activities.

The earnings per share (EPS) have also seen a decline, with the lowest figure of Rs 3.82 in the last five quarters. This indicates a decrease in profitability and lower earnings for shareholders. The non-operating income has also seen a significant increase, which may not be sustainable in the long run.

Overall, the financial results for the quarter ending March 2024 for SKM Egg Products Export (India) have been negative, with a decline in various key financial indicators. This may be a cause for concern for investors and stakeholders of the company.