R K Swamy's Q3 Financial Results Show Decline in Sales and Profitability.

Nov 14 2024 07:02 PM IST
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R K Swamy, a smallcap company in the miscellaneous industry, has reported a decline in its financial performance for the quarter ending September 2024. According to MarketsMojo, the stock call for R K Swamy is 'Sell' with a negative trend in its score. The company's net sales, profit after tax, operating cash flow, and non-operating income have all seen a significant decline, indicating a need for improvement in the company's efficiency and profitability.

R K Swamy, a smallcap company in the miscellaneous industry, recently declared its financial results for the quarter ending September 2024. However, the news is not positive as the company has seen a decline in its financial performance.

According to MarketsMOJO, a leading stock market analysis platform, the stock call for R K Swamy is 'Sell'. The company's score has fallen from -5 to -18 in the last three months, indicating a negative trend.

The financials for the quarter show a decline in net sales by 22.5% compared to the average net sales of the previous four quarters. This is a concerning trend for the company, and the near-term sales outlook is also negative.

The profit after tax (PAT) for the quarter has also seen a significant decline of 95% compared to the average PAT of the previous four quarters. This indicates a negative trend in the company's profitability.

The company's operating cash flow has also been consistently falling in the last three years, with the latest figure being the lowest at Rs 11.18 crore. This shows a decline in the company's cash revenues from business operations.

In the last five quarters, R K Swamy has recorded its lowest net sales and operating profit (PBDIT). The operating profit margin has also deteriorated, indicating a decline in the company's efficiency.

The non-operating income for the quarter is 116.13% of the profit before tax (PBT), which is a cause for concern as it shows a high reliance on non-business activities for income.

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, the financial results for the quarter ending September 2024 have not been favorable for R K Swamy. The company needs to address the negative trends and work towards improving its financial performance in the future.
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