Sri Nachammai Cotton Mills Reports Negative Performance in Q1, Highest Operating Profit in 5 Quarters

Company's revenue has decreased.Net Profit - Quarterly: At Rs 0.20 cr has Grown at -4.76 % Year on Year (YoY).Near term Net Profit trend is negative. Company's profitability has decreased.

Sri Nachammai Cotton Mills, a microcap textile company, has recently announced its financial results for the quarter ending March 2024. The company has reported a negative performance for the quarter, with a score of -6, which has improved from -15 in the last three months.

Despite the negative performance, there are some positive aspects to note from the financial results. The company's operating profit (PBDIT) for the quarter was the highest in the last five quarters at Rs 1.38 crore, indicating a positive trend in the near term. The operating profit margin for the quarter was also the highest in the last five quarters at 7.44%, showing an improvement in the company's efficiency.

The profit before tax less other income (PBT) for the quarter was also the highest in the last five quarters at Rs 0.29 crore, with a positive trend in the near term. The profit after tax (PAT) for the quarter was also the highest in the last five quarters at Rs 0.20 crore, indicating a positive trend in the near term. The earnings per share (EPS) for the quarter was also the highest in the last five quarters at Rs 0.47, showing an increase in profitability and higher earnings for shareholders.

However, there are also some negative aspects to note from the financial results. The net sales for the quarter were at Rs 18.56 crore, with a year on year growth of -5.02%. The near term sales trend is negative, indicating a decrease in the company's revenue. The net profit for the quarter was at Rs 0.20 crore, with a year on year growth of -4.76%. The near term net profit trend is also negative, showing a decrease in the company's profitability.

Based on these financial results, MarketsMOJO has given a 'Sell' call for Sri Nachammai Cotton Mills' stock. Investors should carefully consider these factors before making any investment decisions.