SRU Steels Declares Q3 Financial Results

SRU Steels, a microcap company in the iron and steel industry, recently declared its financial results for the quarter ended September 2023. According to the analysis by MarketsMOJO, the stock call for SRU Steels is 'Sell'.

In the quarter ended September 2023, SRU Steels saw a decline of 15.72% in net sales compared to a growth of 1.22% in the previous quarter. The standalone net profit also decreased by 14.29% in the same period, as compared to a decline of 85.71% in the previous quarter. However, the operating profit (PBDIT) excluding other income remained stable, showing a growth of 0.00% compared to a decline of 85.90% in the previous quarter. The company has not incurred any interest expenses in the last few periods, and the operating profit margin (excluding other income) has improved from the previous quarter.

Despite the negative financial performance in the quarter, SRU Steels has shown positive growth in the half-yearly net sales, which has increased by 310.71% year on year. The company has also surpassed its sales in the previous twelve months in just half a year. The profit after tax (PAT) for the nine-month period is also higher than the previous twelve months, indicating a positive trend.

However, there are some areas of concern for SRU Steels based on the September 2023 financials. The operating profit (PBDIT) for the quarter is the lowest in the last five quarters, and the near-term trend is negative. The profit before tax (PBT) less other income is also the lowest in the last five quarters, and the near-term trend is negative. The earnings per share (EPS) for the quarter is also the lowest in the last five quarters, indicating a decline in profitability and lower earnings for shareholders.

Overall, SRU Steels has shown positive growth in its half-yearly net sales and profit after tax, but there are some concerns in the quarterly financial performance. Investors should carefully analyze the company's financials before making any investment decisions.