7NR Retail Ltd Reports Significant Decline in Q3 Financial Results
7NR Retail Ltd, a microcap trading company, reported a significant decline in net sales and standalone net profit for the quarter ended September 2023. The operating profit also saw a negative growth of 490.00%. MarketsMojo has given a 'Strong Sell' call for the company's stock, citing a negative financial performance in the last three months. The company's half-yearly net sales and nine-month PAT have also shown a decline compared to the previous year. The quarter's EPS was at its lowest in the last five quarters, indicating a declining profitability and lower earnings for shareholders.
7NR Retail Ltd, a microcap trading company, recently announced its financial results for the quarter ended September 2023. The company's net sales saw a significant decline of 63.05% compared to the previous quarter, while its standalone net profit showed a staggering decrease of 785.71%. The operating profit (PBDIT) also saw a negative growth of 490.00% in the same period.
The company's interest remained unchanged from the previous quarter, but its operating profit margin (excluding other income) has fallen compared to the previous quarter. This quarter's financial performance has been deemed as negative by MarketsMOJO, who have given a 'Strong Sell' call for the company's stock.
In the last three months, 7NR Retail Ltd has not shown any improvement in its financial performance. The company's net sales for the half-yearly period have declined by 70.92% compared to the same period last year, indicating a negative sales trend. Similarly, the profit after tax (PAT) for the nine-month period has also shown a decline of 54.48% year on year.
Moreover, the company's earnings per share (EPS) for the quarter were at its lowest in the last five quarters, indicating a declining profitability and lower earnings for shareholders. Overall, the financial results for the quarter ended September 2023 have not been favorable for 7NR Retail Ltd.
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