Pasupati Spinning & Weaving Mills' Q1 2024 Financial Report Shows Mixed Performance

Pasupati Spinning & Weaving Mills, a microcap textile company, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Pasupati Spinning & Weaving Mills has shown a flat performance in the quarter of June 2024. The company's score has decreased from 1 to -4 in the last three months.

However, there are some positive aspects in the company's financials. The Profit After Tax (PAT) for the half-yearly period is higher at Rs 0.25 crore compared to the previous 12 months ending June 2024, which was Rs 0.10 crore. This shows an improvement in the company's profitability as it has already surpassed its PAT for the previous 12 months in just half a year. Additionally, the Debt-Equity Ratio for the half-yearly period is at its lowest in the last five periods, indicating that the company has been reducing its borrowing in comparison to its equity capital.

On the other hand, there are some areas of concern in the financial report. The Net Sales for the quarter have fallen by 14.5% to Rs 23.06 crore compared to the average Net Sales of the previous four quarters, which was Rs 26.98 crore. This shows a negative trend in the company's sales in the near term. Moreover, the Net Sales for the quarter are at its lowest in the last five quarters, further highlighting the negative sales trend. The Earnings per Share (EPS) for the quarter are also at its lowest in the last five quarters, indicating a decline in profitability and lower earnings for shareholders.

Overall, Pasupati Spinning & Weaving Mills has shown a mixed performance in its financials for the quarter ending March 2024. While there are some positive aspects, there are also areas of concern that need to be addressed by the company. Investors are advised to carefully analyze the company's financials before making any investment decisions.