Suncare Traders Reports Flat Performance in Q1 FY25, PAT Shows Significant Improvement
Suncare Traders, a microcap company in the packaging industry, recently announced its financial results for the quarter ended June 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.
According to the financial report, Suncare Traders has shown a flat performance in the quarter, with a score of 2 out of 4. However, there are some positive aspects to the company’s financials. The Profit After Tax (PAT) for the half-yearly period is higher at Rs 0.71 crore compared to the previous 12 months which had a PAT of Rs -19.19 crore. This shows a significant improvement in the company’s profitability.
On the other hand, the company’s non-operating income for the quarter is 160.29% of the Profit Before Tax (PBT). This indicates that a large portion of the company’s income is coming from non-business activities, which may not be sustainable in the long run.
Despite the mixed financial results, Suncare Traders remains a microcap company in the packaging industry. Investors should carefully consider the company’s financial performance before making any investment decisions. This news is for informational purposes only and does not constitute any recommendation or expert opinion.
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