Premier Synthetics Reports Positive Financial Results

Nov 10 2023 12:00 AM IST

Share Via

Premier Synthetics, a microcap textile company, has reported a 19.61% increase in net sales and a significant 221.43% increase in standalone net profit for the quarter ended September 2023. Despite a decline in operating profit margin, the company's overall financial performance has been positive with a score improvement from -4 to 7. The company's net sales have consistently grown in the last five quarters and its near-term sales trend is also positive. Premier Synthetics has also generated the highest operating cash flow in the last three years, indicating strong business operations. However, this is not a recommendation to buy or sell the company's stock and investors should conduct their own research before making any investment decisions.

Premier Synthetics, a microcap textile company, has recently announced its financial results for the quarter ended September 2023. The company's net sales for the quarter showed a growth of 19.61% compared to the previous quarter, which was at 21.64%. The standalone net profit also saw a significant increase of 221.43% in the same period, as compared to a decline of 126.17% in the previous quarter.

The company's operating profit (PBDIT) excluding other income showed a negative growth of 900.00% in the quarter ended September 2023, as compared to a decline of 100.96% in the previous quarter. However, the interest expenses for the company saw a growth of 16.67% in the same period, as compared to a decline of 7.69% in the previous quarter.

Despite the decline in operating profit margin (excluding other income) in the quarter ended September 2023, the overall financial performance of Premier Synthetics has been positive. The company's score has improved from -4 to 7 in the last 3 months, indicating a positive trend.

The company's net sales for the quarter were the highest at Rs 19.03 crore and have shown a consistent growth in the last five quarters. The near-term sales trend for Premier Synthetics is also very positive. The net sales for the quarter have grown at 49.3% over the average net sales of the previous four quarters, which were at Rs 12.75 crore.

In terms of cash flow, Premier Synthetics has generated the highest operating cash flow of Rs 2.16 crore in the last three years. This indicates that the company has been able to generate higher cash revenues from its business operations.

Overall, the financial results for the quarter ended September 2023 show a positive trend for Premier Synthetics. However, it is important to note that this is not a recommendation to buy or sell the company's stock. Investors should conduct their own research and analysis before making any investment decisions.

{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)

MOJO SCORE