White Organic Agro's Q3 Financial Report Shows Mixed Results, with Positive Trends in Profitability

White Organic Agro, a microcap trading company, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.

According to the financial report, White Organic's performance for the quarter was flat, with a score of -1. However, there have been some positive developments in the last three months, with the score improving from -13.

The company's Profit Before Tax (PBT) less Other Income for the quarter was the highest in the last five quarters at Rs -0.07 crore. This shows a positive trend in the near term. Similarly, the Profit After Tax (PAT) for the quarter was also the highest in the last five quarters at Rs 0.76 crore, indicating a positive trend in profitability. The Earnings per Share (EPS) for the quarter was also the highest in the last five quarters at Rs 0.22, showing that the company has been able to generate higher earnings for its shareholders.

However, there are some areas of concern for White Organic. The Net Sales for the half-yearly period have decreased by 22.63% year on year, standing at Rs 12.38 crore. This indicates a negative trend in sales in the near term. Additionally, the Non-Operating Income for the quarter was 106.93% of the PBT, which suggests that the company's income from non-business activities is high and may not be a sustainable business model.

Overall, White Organic's financial performance for the quarter has been mixed, with some positive and negative trends. Investors should carefully consider these factors before making any investment decisions.