Quarterly Financial Results Show Positive Trends for Suryalata Spinning Mills
Suryalata Spinning Mills, a microcap textile company, has announced its financial results for the quarter ending March 2024. Despite a 'Sell' call from MarketsMojo, the company's net sales, operating profit, and net profit for the quarter were the highest in the last five quarters, with a positive near term trend.
Operating Profit - Quarterly: Highest at Rs 9.44 cr in the last five quarters. Near term profit trend is positive.Net Profit - Quarterly: Highest at Rs 5.62 cr in the last five quarters. Near term profit trend is positive.Suryalata Spinning Mills, a microcap textile company, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.
Despite this, the company has shown a flat financial performance for the quarter, with a score improvement from -31 to 1 in the last three months.
However, there are some positive aspects to Suryalata Spinning Mills' financials for the quarter. The company's net sales for the quarter were the highest in the last five quarters, at Rs 120.41 crore. The near term sales trend is also positive.
Similarly, the company's operating profit for the quarter was the highest in the last five quarters, at Rs 9.44 crore. The near term profit trend is also positive.
Lastly, Suryalata Spinning Mills' net profit for the quarter was the highest in the last five quarters, at Rs 5.62 crore. The near term profit trend is also positive.
Overall, while the company's stock may have a 'Sell' call, its financial performance for the quarter shows some positive signs. Investors may want to keep an eye on Suryalata Spinning Mills and its future financial results.
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