Uniroyal Marine Exports Reports Decline in Financial Performance for Q1 2024
Uniroyal Marine Exports, a microcap company in the aquaculture industry, has reported a negative financial performance for the quarter ending March 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMojo due to a decline in its Profit Before Tax, net sales, and operating profit.
Uniroyal Marine Exports, a microcap company in the aquaculture industry, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.
According to the financial report, Uniroyal Marine has seen a negative performance in the quarter, with a score of -12 compared to -3 in the previous quarter. This indicates a decline in the company's financial health.
One of the major factors contributing to this decline is the Profit Before Tax less Other Income (PBT) which has fallen by 811.76% year on year, reaching a low of Rs -1.55 crore. The net sales for the half-yearly period have also decreased by 24.07% year on year, indicating a negative trend in the company's sales.
The Profit After Tax (PAT) for the nine-month period has also seen a decline of 35.09% year on year, further adding to the negative financial performance of the company. The operating profit for the quarter has reached its lowest point in the last five quarters, standing at Rs -1.11 crore.
Overall, Uniroyal Marine's financial report for the quarter ending March 2024 shows a negative trend in its profitability and sales. This has led to a 'Strong Sell' rating by MarketsMOJO for the company's stock.
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