Elegant Marbles and Grani Industries Reports Negative Financial Performance in Q1 FY25

Elegant Marbles and Grani Industries, a microcap trading company, recently announced their financial results for the quarter ending March 2024. The results, declared on August 10, have received a ‘Sell’ call from MarketsMOJO.

According to the financial report, Elegant Marbles has seen a negative performance in the quarter, with a score of -11, which is an improvement from the previous quarter’s score of -15. This indicates that the company’s financials have not been performing well in the past few months.

One of the major factors contributing to this negative performance is the decline in net sales. The company’s net sales for the quarter were at Rs 6.64 crore, which is a decrease of 22.4% compared to the average net sales of the previous four quarters, which stood at Rs 8.56 crore. This trend in sales is expected to continue in the near term.

Another concerning aspect of the financial report is the profit after tax (PAT) for the half-yearly period. The company’s PAT for this period was at Rs 1.41 crore, which is a significant decline of 50.20% compared to the same period last year. This indicates a negative trend in the company’s profitability in the near term.

Furthermore, the company’s operating cash flow for the past three years has been at its lowest, standing at Rs -6.05 crore. This indicates that the company’s cash revenues from business operations are declining.

In conclusion, Elegant Marbles and Grani Industries have seen a negative financial performance in the quarter ending March 2024. The company’s net sales, PAT, and operating cash flow have all shown a negative trend, which is a cause for concern for investors.