Euro Leder Fashion Reports Mixed Financial Results for Q4 2023

Euro Leder Fashion, a microcap company in the leather industry, recently announced its financial results for the quarter ending December 2023. According to the report released on February 12, 2024, the company's stock has been given a 'Sell' call by MarketsMOJO.

Despite a flat financial performance in the last quarter, Euro Leder Fashion has shown improvement with a score of -3, compared to -5 in the previous three months. The company's Profit Before Tax less Other Income (PBT) for the quarter was the highest in the last five quarters at Rs -0.03 crore, indicating a positive trend in the near term.

However, the company's Net Sales for the quarter were at Rs 7.45 crore, a decrease of 26.0% compared to the average Net Sales of the previous four quarters, which stood at Rs 10.07 crore. This shows a very negative trend in the near term. Additionally, the Net Sales for the quarter were the lowest in the last five quarters, indicating a negative trend in the near term.

While Euro Leder Fashion has shown some positive signs in terms of PBT, its sales performance has been a cause for concern. Investors should carefully consider these financial results before making any investment decisions.