Suryo Foods Reports Flat Performance in Q4, But Sees Significant Growth in PAT

Suryo Foods & Industries, a microcap company in the aquaculture industry, has recently announced its financial results for the quarter ended December 2023. According to the report, the company has seen a flat performance in this quarter, with a score of 5 out of 10, which is a decrease from the previous quarter.

Despite this, there are some positive aspects to note from the financials. The company's Profit After Tax (PAT) for the nine-month period has shown a significant growth of 550% year on year, reaching Rs 1.26 crore. This indicates a strong and positive trend for the company's PAT.

In terms of operating profit, Suryo Foods has recorded its highest PBDIT (Profit Before Depreciation, Interest, and Taxes) in the last five quarters, at Rs -0.03 crore. This shows a positive trend in the near term for the company's operating profit.

Similarly, the company's Profit Before Tax (PBT) less Other Income has also shown a positive trend in the last five quarters, with the highest recorded at Rs -0.09 crore. This indicates a positive outlook for the company's PBT in the near future.

Moreover, the company's PAT for the nine-month period is higher at Rs 1.26 crore compared to the previous twelve-month period ended December 2023, which was at Rs -0.16 crore. This shows a significant increase in sales for the company in the nine-month period.

Based on these financial results, MarketsMOJO has given a 'Sell' call for Suryo Foods' stock. However, it is important to note that this is not a recommendation and should not be considered as such. The information provided is based on facts and the company's financial performance, without any external data or sources. Investors are advised to do their own research and analysis before making any investment decisions.