Campus Activewear's Q3 Financial Report Shows Concerning Decline in PAT and Net Sales

Campus Activewear, a midcap company in the consumer durables industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Campus Activewear's performance for the quarter was flat, with a score of 0 compared to -1 in the previous quarter. However, there are some concerning factors that have contributed to this result.

One of the major concerns is the company's Profit After Tax (PAT), which has fallen by 31.4% to Rs 14.30 crore compared to the average PAT of the previous four quarters, which was Rs 20.84 crore. This indicates a negative trend in the near term.

Similarly, the company's Net Sales for the quarter also saw a decline of 7.0% to Rs 333.29 crore compared to the average Net Sales of the previous four quarters, which was Rs 358.42 crore. This also suggests a negative trend in the near term.

While Campus Activewear's financial performance for the quarter may not be promising, it is important to note that this is based on the company's own financial data and not influenced by any external factors. Investors and stakeholders should keep a close eye on the company's future financial reports to make informed decisions.