Standard Industries Reports Negative Performance in Q3 2024 Financial Results
Standard Industries, a microcap trading company, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.
According to the financial report, Standard Industries has seen a negative performance in the quarter, with a score of -6 compared to -2 in the previous quarter. This decline can be attributed to various factors.
One of the major concerns for the company is its net sales, which have decreased by 22.71% year on year, standing at Rs 11.37 crore for the half-yearly period. This indicates a negative trend in the company's sales in the near term.
Similarly, the company's profit after tax (PAT) has also decreased by 22.71% year on year, standing at Rs -3.44 crore for the half-yearly period. This is a cause for concern as it reflects a negative trend in the company's profitability.
The operating profit (PBDIT) for the quarter has also been the lowest in the last five quarters, standing at Rs -3.71 crore. This indicates a negative trend in the company's operating efficiency.
Moreover, the operating profit margin for the quarter has also been the lowest in the last five quarters, standing at 0.00%. This reflects a deterioration in the company's efficiency.
The profit before tax less other income (PBT) for the quarter has also been the lowest in the last five quarters, standing at Rs -4.87 crore. This indicates a negative trend in the company's profitability in the near term.
In terms of liquidity, the company's cash and cash equivalents have been the lowest in the last six half-yearly periods, standing at Rs 2.57 crore. This indicates a deteriorating short-term liquidity for the company.
Furthermore, the dividend payout ratio (DPR) for the company has been the lowest in the last five years, standing at -5,156.14%. This indicates that the company is distributing a lower proportion of its profits as dividends.
Overall, the financial results for the quarter ending September 2024 have not been favorable for Standard Industries. Investors are advised to take note of these factors before making any investment decisions.
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