Star Paper Mills Reports Negative Performance in Q1 FY25 Financial Results
Star Paper Mills, a microcap company in the paper and paper products industry, recently announced its financial results for the quarter ending June 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 -10 compared to -16 in the previous quarter. This indicates a slight improvement, but the company still faces challenges.
One of the major factors contributing to the negative performance is the decline in Profit Before Tax (PBT) by 61.03% year on year. The company’s PBT trend in the near term is also negative. Similarly, the Profit After Tax (PAT) has also decreased by 26.64% year on year, with a negative trend in the near term.
The company’s net sales have also seen a decline of 7.87% year on year, with a negative trend in the near term. Additionally, the non-operating income of the company is 50.03% of the PBT, indicating a high reliance on non-business activities which may not be sustainable in the long run.
Moreover, the company’s earnings per share (EPS) for the quarter are the lowest in the last five quarters, at Rs 8.91. This shows a declining profitability and lower earnings for shareholders.
Overall, the financial results for the quarter ending June 2024 have not been favorable for Star Paper Mills. The company will need to address these challenges and work towards improving its performance in the future.
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