Aveer Foods' Q1 2024 Financial Results Show Negative Performance Across Key Metrics
Aveer Foods, a microcap company in the FMCG industry, recently announced its financial results for the quarter ending March 2024. According to the data released on May 28, 2024, the company's performance has been negative, with a score of -8 compared to -6 in the previous quarter.
One of the key areas of concern for Aveer Foods is its operating profit margin, which has been consistently falling in the last five quarters and is currently at its lowest at 4.21%. This indicates a decline in the company's efficiency. Additionally, the profit before tax (PBT) less other income has also been on a downward trend, with the current quarter reporting the lowest at Rs 0.07 crore. This suggests a negative near-term trend for PBT.
The company's profit after tax (PAT) has also been on a decline, with the current quarter reporting the lowest at Rs 0.07 crore. This indicates a negative near-term trend for PAT as well. Furthermore, the operating profit (PBDIT) for the quarter has been the lowest in the last five quarters at Rs 1.07 crore, indicating a negative trend in the company's operating profit.
The earnings per share (EPS) for the quarter have also been on a decline, with the current quarter reporting the lowest at Rs 0.17. This reflects a declining profitability for the company and lower earnings for its shareholders.
Based on these financial results, MarketsMOJO has given a 'Sell' call for Aveer Foods' stock. The company's performance in the quarter ending March 2024 has not been favorable, and it will be important to see how the company addresses these challenges in the future.
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