Amin Tannery's Q3 Financial Results Decline

Amin Tannery, a microcap company in the miscellaneous industry, recently announced its financial results for the quarter ended September 2023. The company's net sales for the quarter saw a decline of 28.09% compared to the previous quarter, while the standalone net profit also decreased by 27.27%. The operating profit (PBDIT) excluding other income also saw a decline of 14.12%, and the interest expenses decreased by 17.78%.

Despite the negative financial performance, Amin Tannery's operating profit margin (excluding other income) has improved compared to the previous quarter. However, the overall financial score for the company has fallen from 7 to -4 in the last three months.

On a positive note, Amin Tannery's profit after tax (PAT) for the nine-month period ending September 2023 was higher at Rs 0.33 crore compared to the preceding 12-month period. The company has also surpassed its sales from the previous 12 months in just nine months.

However, the company's net sales for the quarter were at its lowest in the last five quarters, showing a negative trend in the near term. The operating profit (PBDIT) for the quarter was also at its lowest in the last five quarters, indicating a negative trend in the near term.

Overall, Amin Tannery's financial performance for the quarter ended September 2023 has been flat. The company's sales trend in the near term is negative, but it has shown improvement in its operating profit margin. Investors should keep a close eye on the company's financial performance in the coming quarters.