Freshtrop Fruits Announces Mixed Financial Results for Q4 2023, Investors Advised to Hold Stock
Freshtrop Fruits, a microcap company in the FMCG industry, reported a negative performance in the quarter ending December 2023 with a score of -15. However, the company's EPS was the highest in the last five quarters, indicating an increase in profitability. Net sales and PBT saw a significant decrease, while operating profit and margin were at their lowest. Investors are advised to hold their stock and monitor future performance.
Freshtrop Fruits, a microcap company in the FMCG industry, recently announced its financial results for the quarter ending December 2023. The stock call by MarketsMOJO for the company is 'Hold'.
According to the financials, Freshtrop Fruits has seen a negative performance in the quarter, with a score of -15 compared to 3 in the previous quarter. However, there are some positive aspects to the company's performance. The earnings per share (EPS) for the quarter was the highest in the last five quarters at Rs 47.78, indicating an increase in profitability and higher earnings for shareholders.
On the other hand, there are some areas that are not working in favor of Freshtrop Fruits. The net sales for the quarter were at Rs 23.74 crore, a decrease of -59.2% compared to the average net sales of the previous four quarters. This indicates a negative trend in sales in the near term. Similarly, the profit before tax less other income (PBT) for the quarter was at Rs -56.89 crore, a decrease of -923.3% compared to the average PBT of the previous four quarters. The profit after tax (PAT) also saw a significant decrease of -1083.8% compared to the average PAT of the previous four quarters.
The operating profit (PBDIT) for the quarter was at its lowest in the last five quarters at Rs -4.05 crore, indicating a negative trend in the near term. The operating profit margin was also at its lowest in the last five quarters at -17.06%, indicating a deterioration in the company's efficiency.
Overall, the financial results for the quarter ending December 2023 for Freshtrop Fruits show a mix of positive and negative aspects. Investors are advised to hold their stock and closely monitor the company's performance in the coming quarters.
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