Aananda Lakshmi Spinning Mills Receives 'Strong Sell' Call After Decline in Financial Performance

Aug 13 2024 11:25 AM IST
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Aananda Lakshmi Spinning Mills, a microcap textile company, reported its financial results for the quarter ending March 2024. The results, declared on August 12, 2024, received a 'Strong Sell' call from MarketsMojo. The company's performance has been flat with a significant decline in Profit Before Tax and Profit After Tax, indicating a negative trend in the near term. Investors are advised to take note of the 'Strong Sell' call and make informed decisions.

Aananda Lakshmi Spinning Mills, a microcap textile company, recently announced its financial results for the quarter ending March 2024. The results, declared on August 12, 2024, have received a 'Strong Sell' call from MarketsMOJO.

According to the financial report, Aananda Lakshmi's performance for the quarter has been flat, with a score of 2 out of 11. This is a significant decrease from the previous quarter's score of 11.

The company's Profit Before Tax (PBT) has seen a sharp decline of 101.8% from the average PBT of the previous four quarters, falling to -0.01 crore from 0.55 crore. This indicates a negative trend in the near term for PBT.

Similarly, the Profit After Tax (PAT) has also seen a significant decrease of 92.6% from the average PAT of the previous four quarters, falling to 0.09 crore from 1.22 crore. This also suggests a negative trend in the near term for PAT.

Overall, Aananda Lakshmi's financial performance for the quarter ending March 2024 has not been favorable. Investors are advised to take note of the 'Strong Sell' call by MarketsMOJO and make informed decisions.
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