Suratwwala Business Group Reports Negative Performance in Q3 2024

Suratwwala Business Group, a smallcap company in the construction and real estate industry, has recently declared its financial results for the quarter ending September 2024. According to the latest report, the company has seen a very negative performance in this quarter, with a score of -20 compared to -13 in the previous quarter.

However, there are some positive aspects to the company's financials. Suratwwala Business Group has shown a consistent growth in its operating cash flow, with the highest amount of Rs 0.29 crore in the last three years. This indicates that the company has been able to generate higher cash revenues from its business operations.

On the other hand, there are some concerning factors in the financial report. The company's profit before tax (PBT) has fallen by 93.9% compared to the average PBT of the previous four quarters. Similarly, the profit after tax (PAT) has also seen a significant decline of 96.4% compared to the average PAT of the last four quarters. This trend is expected to continue in the near term.

The company's net sales have also shown a decline of 68.26% year on year, indicating a negative sales trend in the near term. The PAT has also been consistently falling in the last five quarters, with the lowest amount of Rs 0.22 crore in the current quarter.

Moreover, the operating profit (PBDIT) and operating profit margin have also shown a decline in the last five quarters, indicating a decrease in the company's efficiency. The PBT has also been consistently low in the last five quarters, further highlighting the negative trend in the company's financial performance.

In conclusion, Suratwwala Business Group's financial results for the quarter ending September 2024 have been disappointing, with a negative trend in most of the key financial indicators. Investors are advised to take a cautious approach and consider the company's financial performance before making any investment decisions.