Amin Tannery's Financial Results Show Decline in Profitability and Efficiency.

May 31 2024 06:02 PM IST
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Amin Tannery, a microcap company in the miscellaneous industry, has reported a decline in net sales, operating profit, and net profit for the quarter ending March 2024. This has resulted in a negative trend for the company in the near term, with its profitability deteriorating. MarketsMojo has given a 'Sell' call for the company's stock based on these results.
Net Profit - Quarterly: Lowest at Rs -0.22 cr. in the last five quarters.Near term Net Profit trend is negative.
Net Profit Margin - Quarterly: Lowest at -1.87% in the last five quarters.Company's profitability has deteriorated.

Despite these challenges, Amin Tannery, a microcap company in the miscellaneous industry, has recently declared its financial results for the quarter ending March 2024. The company's net sales for the quarter were Rs 11.73 crore, which is a decrease of 6.5% compared to the average net sales of the previous four quarters. This decline in sales has resulted in a negative trend for the company in the near term.

The operating profit (PBDIT) for the quarter was also at its lowest in the last five quarters, standing at Rs 0.61 crore. This indicates a negative trend in the company's operating profit in the near term. Additionally, the operating profit margin for the quarter was at its lowest at 5.20%, showing a decline in the company's efficiency.

Amin Tannery's net profit for the quarter was also at its lowest in the last five quarters, with a loss of Rs -0.22 crore. This negative trend in net profit is reflected in the net profit margin, which was at its lowest at -1.87%. This indicates a decline in the company's profitability.

Based on these financial results, MarketsMOJO has given a 'Sell' call for Amin Tannery's stock. The company's score has also improved from -4 to -3 in the last three months. However, it is important to note that this is a neutral and informative article and does not include any future potential, investor interest, or expert opinions. It is based solely on the facts provided by the company's financial results.
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