Suryavanshi Spinning Mills shows mixed results in recent quarter, with positive signs in PBDIT and PBT.
Suryavanshi Spinning Mills, a microcap textile company, has shown a mix of positive and negative trends in its recent quarter results. While operating profit, PBT, and PAT have increased, net sales have declined significantly. Gross and net profit margins have also decreased, indicating a negative trend. MarketsMojo has given a 'Strong Sell' call for the company.
Gross Profit Margin - Quarterly: At -0.46%, has decreased from the previous quarter's -0.33%. Near term trend is negative.Net Profit Margin - Quarterly: At 7.47%, has decreased from the previous quarter's 8.05%. Near term trend is negative.
Despite the negative financial performance, Suryavanshi Spinning Mills, a microcap textile company, has shown some positive signs in its recent quarter results. The company's operating profit (PBDIT) has been the highest in the last five quarters, indicating a positive trend in the near term. Similarly, the profit before tax (PBT) and profit after tax (PAT) have also shown an upward trend, with the highest figures in the last five quarters.
However, the company's net sales have seen a significant decline of -56.01% year on year, indicating a negative trend in the near term. The gross profit margin and net profit margin have also decreased from the previous quarter, showing a negative trend.
MarketsMOJO has given a 'Strong Sell' call for Suryavanshi Spinning Mills based on its financial performance in the quarter ending December 2023. The company's score has improved from -8 to -6 in the last three months, but it still remains in the negative range.
Investors should carefully consider the financial performance of Suryavanshi Spinning Mills before making any investment decisions. The company's recent quarter results show a mix of positive and negative trends, and it is important to closely monitor its future performance.
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