Sterling Green Woods Reports Decline in Financial Performance for Q1 2024

May 31 2024 09:15 PM IST
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Sterling Green Woods, a microcap real estate company, reported its financial results for the quarter ending March 2024 on May 31, 2024. The company received a 'Strong Sell' call from MarketsMojo due to its flat performance with a score of -2, the lowest in the last five quarters. Operating profit and profit before tax have also declined, raising concerns for the company's financial health. Investors and stakeholders should closely monitor the company's performance in the near future.

Sterling Green Woods, a microcap real estate company, recently announced its financial results for the quarter ending March 2024. The results, declared on May 31, 2024, have received a 'Strong Sell' call from MarketsMOJO.

According to the financial report, Sterling Green's performance has remained flat in the last quarter, with a score of -2 compared to 1 in the previous three months. This indicates a decline in the company's overall financial health.

One of the key factors contributing to this decline is the operating profit (PBDIT), which has been the lowest in the last five quarters at Rs -0.47 crore. The trend for near-term operating profit is also negative, which is a cause for concern.

Similarly, the profit before tax less other income (PBT) has also been the lowest in the last five quarters at Rs -1.00 crore. The trend for near-term PBT is also negative, indicating a potential decrease in profitability for the company.

Overall, the financial results for the quarter ending March 2024 have not been favorable for Sterling Green Woods. Investors and stakeholders should closely monitor the company's performance in the coming months to make informed decisions.
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