Premier Synthetics Reports Negative Financial Results for Q1 FY25
Premier Synthetics, a microcap company in the textile industry, recently announced its financial results for the quarter ending June 2024. The results, declared on August 16, have received a ‘Strong Sell’ call from MarketsMOJO.
The company’s financial performance for the quarter has been negative, with a score of -10 compared to -5 in the previous quarter. However, there are some positive aspects to note from the financials.
One of the strengths of Premier Synthetics is its Debtors Turnover Ratio, which has been the highest at 17.50 times in the last five half-yearly periods. This indicates that the company has been able to settle its debtors at a faster rate.
On the other hand, there are some areas of concern for the company based on its financials. The net sales for the quarter were at Rs 8.50 crore, which is a significant decrease of -34.8% compared to the average net sales of the previous four quarters at Rs 13.04 crore. This shows a negative trend in the company’s sales in the near term.
Similarly, the Profit After Tax (PAT) for the quarter was at Rs -0.81 crore, a decrease of -305.0% compared to the average PAT of the previous four quarters at Rs -0.20 crore. This also indicates a negative trend in the company’s profits in the near term.
Overall, Premier Synthetics has reported a negative financial performance for the quarter ending June 2024. Investors should carefully consider these factors before making any investment decisions.
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