Spenta International's Q4 Financial Results Show Decline in Sales and Negative Trend
Spenta International, a microcap company in the textile industry, recently announced its financial results for the quarter ending December 2023. The results, declared on January 18, 2024, have received a 'Sell' call from MarketsMOJO.
According to the financial report, Spenta International has seen a negative performance in the quarter, with a score of -8 compared to -5 in the previous three months. This decline in score can be attributed to the following factors.
Firstly, the company's net sales for the quarter have fallen by 37.9% to Rs 6.40 crore, compared to the average net sales of the previous four quarters, which stood at Rs 10.30 crore. This indicates a significant decrease in sales and a negative trend in the near term.
Moreover, the net sales for the quarter are the lowest in the last five quarters, further highlighting the negative sales trend for Spenta International. This could be a cause for concern for investors and stakeholders of the company.
In conclusion, Spenta International's financial results for the quarter ending December 2023 have not been favorable, with a decline in net sales and a negative trend in the near term. This information is based on the company's financial report and the 'Sell' call by MarketsMOJO.
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