Centenial Surgical Suture's Q1 2024 Financial Report Shows Mixed Results
Centenial Surgical Suture, a microcap healthcare services company, reported its financial results for the quarter ending March 2024. While the operating profit margin and PBDIT showed improvement, net sales and PBT saw a decline. Investors should carefully evaluate these factors before making any decisions regarding the company's stock.
Centenial Surgical Suture, a microcap healthcare services company, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Strong Sell' call by MarketsMOJO.
According to the financial report, Centenial Surgical Suture's performance for the quarter has been flat, with a score of 0 compared to 3 in the previous quarter. However, there are some positive aspects to the company's financials. The operating profit margin for the quarter was the highest at 12.53%, showing an improvement in the company's efficiency. Additionally, the operating profit (PBDIT) for the quarter was the highest in the last five quarters at Rs 1.51 crore, indicating a positive trend in the near term.
On the other hand, there are some areas that need improvement for Centenial Surgical Suture. The net sales for the quarter were the lowest in the last five quarters at Rs 12.05 crore, with a negative trend in the near term. The net sales for the quarter also showed a decline of -7.45% year on year. Furthermore, the profit before tax less other income (PBT) for the quarter was the lowest in the last five quarters at Rs 0.12 crore, with a negative trend in the near term.
Overall, Centenial Surgical Suture's financial performance for the quarter ending March 2024 has been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any decisions regarding the company's stock.
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