Star Paper Mills Reports Negative Performance in Q1 2024, Advised to Hold Stocks
Star Paper Mills, a microcap company in the paper and paper products industry, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.
According to the financial report, Star Paper Mills has seen a negative performance in the quarter, with a score of -16 compared to -8 in the previous quarter. This decline can be attributed to several factors.
One of the major factors affecting the company's performance is the decrease in Profit Before Tax (PBT) and Other Income, which has fallen by 71.18% year on year. The trend for PBT in the near term is also negative. Similarly, the Profit After Tax (PAT) has also decreased by 23.6% year on year, with a negative trend in the near term.
The company's net sales have also seen a decline of 18.62% year on year, with the lowest sales recorded in the last five quarters. This trend is expected to continue in the near term. The Operating Profit (PBDIT) has also decreased, with the lowest recorded in the last five quarters. This indicates a negative trend in the near term for the company's operating profit.
Furthermore, the company's efficiency has deteriorated, with the Operating Profit Margin at its lowest in the last five quarters. The Non-Operating Income is also high, accounting for 73.87% of the PBT. This suggests that the company's income from non-business activities is not sustainable in the long run.
The company's Earnings per Share (EPS) has also decreased, with the lowest recorded in the last five quarters. This indicates a decline in profitability and lower earnings for shareholders.
Overall, the financial results for the quarter ending March 2024 have not been favorable for Star Paper Mills. Investors are advised to hold their stocks and monitor the company's performance in the near future.
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