Suryaamba Spinning Mills Reports Negative Financial Performance in Q2 2024
Suryaamba Spinning Mills, a microcap textile company, has recently declared its financial results for the quarter ending September 2024. The company's stock has been given a 'Strong Sell' call by MarketsMOJO.
According to the financial report, Suryaamba Spinning Mills has seen a negative performance in the second quarter of the fiscal year 2024-2025. The company's score has fallen from -1 to -6 in the last three months.
One of the major factors contributing to this decline is the Profit After Tax (PAT), which has fallen to -0.82 crore, a decrease of 390.3% compared to the average PAT of the previous four quarters. This indicates a negative trend in the company's near-term profitability.
The Operating Profit (PBDIT) for the quarter is also at its lowest in the last five quarters, standing at Rs 2.64 crore. This reflects a negative trend in the company's near-term operating profit.
The Operating Profit Margin for the quarter is also at its lowest in the last five quarters, at 4.91%. This indicates a deterioration in the company's efficiency.
Furthermore, the Earnings per Share (EPS) for the quarter is also at its lowest in the last five quarters, at Rs -2.80. This shows a decline in profitability and lower earnings for shareholders.
Overall, Suryaamba Spinning Mills has reported a negative financial performance for the quarter ending September 2024. Investors should take note of these factors before making any investment decisions.
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