SRU Steels' Q1 Financial Results Receive 'Strong Sell' Rating from MarketsMOJO
SRU Steels, a microcap company in the iron and steel industry, reported its financial results for the quarter ending March 2024. The company's performance was flat with a score of -3, indicating a decline in financial health. Operating profit and PBT were at their lowest in the last five quarters, while EPS also saw a decline. MarketsMojo has given a 'Strong Sell' call for the company.
SRU Steels, a microcap company in the iron and steel industry, recently announced its financial results for the quarter ending March 2024. The results, declared on August 14, 2024, have received a 'Strong Sell' call from MarketsMOJO.
According to the financial report, SRU Steels has seen a flat performance in the quarter, with a score of -3 compared to -2 in the previous quarter. This indicates a decline in the company's financial health in the last three months.
The company's operating profit (PBDIT) for the quarter was at its lowest in the last five quarters, standing at Rs -0.45 crore. This reflects a negative trend in the near term for the company's operating profit. Similarly, the profit before tax less other income (PBT) was also at its lowest in the last five quarters, at Rs -0.46 crore. This indicates a negative trend in the near term for the company's PBT.
The earnings per share (EPS) for the quarter was also at its lowest in the last five quarters, at Rs -0.38. This shows a decline in profitability and lower earnings for shareholders.
Based on these financial results, MarketsMOJO has given a 'Strong Sell' call for SRU Steels. Investors should carefully consider these factors before making any investment decisions.
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