Flora Corporation's Q2 FY25 Financial Report Shows Negative Performance, Lowest in 5 Quarters

Nov 18 2024 10:04 AM IST
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Flora Corporation, a microcap company in the aquaculture industry, reported a negative performance in the quarter ending September 2024. The company's net sales, profit before tax, and profit after tax have seen a significant decline compared to the previous year. This trend is expected to continue in the near term, raising concerns for shareholders.

Flora Corporation, a microcap company in the aquaculture 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, Flora Corporation has seen a negative performance in the quarter, with a score of -7 compared to 16 in the previous quarter. This decline can be attributed to several factors, including a significant decrease in net sales, profit before tax, and profit after tax.


The company’s net sales for the quarter were at Rs 13.60 crore, a decrease of 60.01% compared to the same period last year. This trend is expected to continue in the near term. Similarly, the profit before tax and profit after tax have also seen a significant decline of 488.64% and 471.7% respectively, compared to the previous year.


Flora Corporation’s financial report also highlights that the company’s net sales and operating profit have been at their lowest in the last five quarters. This is a cause for concern as it indicates a negative trend in the company’s performance. The operating profit margin has also decreased to -12.57%, indicating a decline in the company’s efficiency.


The company’s earnings per share (EPS) for the quarter were at Rs -1.96, the lowest in the last five quarters. This decline in profitability is a cause for concern for shareholders.


Overall, Flora Corporation’s financial report for the quarter ending September 2024 shows a negative trend in its performance. Investors are advised to carefully consider this information before making any investment decisions.


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