White Organic Agro Announces Mixed Financial Results for Q1 FY25
White Organic Agro, a microcap trading company, recently announced its financial results for the quarter ending March 2024. The results, declared on August 14, 2024, have received a “Strong Sell” rating from MarketsMOJO.
According to the financials, White Organic has seen a negative performance in the quarter, with a score of -13, which has improved from -15 in the last three months. However, there are some positive aspects to the company’s financials.
One of the key strengths of White Organic is its Debtors Turnover Ratio, which has been consistently growing each half year in the last five periods. The company has been able to settle its debtors at a faster rate, with the ratio being the highest at 418.13 times in the last half year.
Another positive aspect is the company’s Profit Before Tax less Other Income (PBT) for the quarter, which is the highest at Rs -0.16 crore in the last five quarters. This shows a positive trend in the near term.
However, there are some areas of concern for White Organic based on its financials. The Profit After Tax (PAT) for the quarter has fallen by 44% year on year, standing at Rs 0.75 crore. The near term trend for PAT is also negative. Additionally, the Net Sales for the half year have also decreased by 38.72% year on year, indicating a negative trend in the near term.
Another red flag is the company’s Non Operating Income for the quarter, which is 116% of the PBT. This means that a significant portion of the company’s income is coming from non-business activities, which is not a sustainable business model.
Lastly, the company’s Cash and Cash Equivalents for the half year are at its lowest in the last six periods, standing at Rs 0.59 crore. This shows a deteriorating short term liquidity for White Organic.
Overall, the financial results for the quarter ending March 2024 have been mixed for White Organic Agro. While there are some positive aspects, there are also areas of concern that need to be addressed by the company in order to improve its performance in the future.
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