Gujarat Craft Industries Reports Decline in Sales and PBT, Receives 'Sell' Rating
Gujarat Craft Industries, a microcap trading company, recently announced its financial results for the quarter ending June 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.
According to the financial report, Gujarat Craft Industries has seen a flat performance in the quarter, with a score of -3 compared to 2 in the previous quarter. This decline can be attributed to various factors.
One of the major reasons for the decline is the decrease in net sales. The company's net sales for the quarter were Rs 39.27 crore, which is a 10.5% decrease from the average net sales of the previous four quarters, which stood at Rs 43.89 crore. This indicates a negative trend in the company's sales in the near term.
Another concerning aspect of the financial report is the profit before tax (PBT) less other income. In the last five quarters, the PBT has been the lowest at Rs 0.43 crore. This shows a negative trend in the company's PBT in the near term.
Overall, the financial results for the quarter ending June 2024 have not been favorable for Gujarat Craft Industries. The company's stock has been given a 'Sell' call by MarketsMOJO, indicating that investors should be cautious when considering investing in this microcap trading company.
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