SVP Global Textiles Reports Negative Financial Results for Q1 FY25

SVP Global Textiles, a microcap trading company, recently announced its financial results for the quarter ending March 2024. The stock has been given a ‘Strong Sell’ rating by MarketsMOJO.

According to the financials, SVP Global has seen a very negative performance in the quarter, with a score of -28, a decrease from -25 in the previous 3 months. However, there are some positive aspects to the company’s financials. The debt-equity ratio for the half-yearly period is at its lowest in the last five periods, indicating a decrease in borrowing compared to equity capital.

On the other hand, there are some concerning factors in the financials. The net sales for the quarter have fallen by 33.5% compared to the average of the previous four quarters. The profit before tax (PBT) has also decreased by 30.2% compared to the average of the previous four quarters. The profit after tax (PAT) has seen a significant decrease of 52.2% compared to the average of the previous four quarters. The interest cost has also increased by 52.48% in the half-yearly period, indicating a rise in borrowings.

The company’s ability to manage interest payments has also deteriorated, with the operating profit to interest ratio at its lowest in the last five quarters. The debtors turnover ratio has also decreased in the last five half-yearly periods, indicating a slower pace in settling debts. The net sales and operating profit for the quarter are also at their lowest in the last five quarters, and the operating profit margin has decreased to -99.80%.

The company’s short-term liquidity is also deteriorating, with the cash and cash equivalents at its lowest in the last six half-yearly periods. Overall, SVP Global’s financial performance for the quarter ending March 2024 has been negative, with some concerning factors that investors should keep in mind.