Prataap Snacks Reports Negative Financial Performance in Q3 2024

Prataap Snacks, a smallcap FMCG company, recently declared its financial results for the quarter ending September 2024. The stock call by MarketsMOJO for the company is 'Sell'.

According to the financials, Prataap Snacks has seen a negative performance in the quarter, with a score of -17 compared to -14 in the previous quarter. However, there are some positive aspects to the company's performance. The net sales for the quarter were the highest in the last five quarters at Rs 441.09 crore, and the near term sales trend is positive.

On the other hand, there are some areas where Prataap Snacks needs to improve. The Profit Before Tax less Other Income (PBT) for the quarter has fallen by -100.75% year on year, and the near term trend for PBT is very negative. Similarly, the Profit After Tax (PAT) has also fallen by -92.2% year on year, and the near term trend is very negative. The company's Operating Profit (PBDIT) for the quarter is also at its lowest in the last five quarters, and the near term trend is negative. The Operating Profit Margin is also at its lowest in the last five quarters, indicating a deterioration in the company's efficiency. Additionally, the Non Operating Income for the quarter is 106.81% of the Profit Before Tax, which suggests that the company's income from non-business activities is high and not sustainable in the long run. The Earnings per Share (EPS) for the quarter is also at its lowest in the last five quarters, indicating a decline in profitability and lower earnings for shareholders.

Overall, Prataap Snacks has had a negative financial performance in the quarter ending September 2024. Investors should carefully consider these factors before making any investment decisions.