Salora Intl. Reports Significant Decline in Financial Performance for Q1 2024.

May 28 2024 06:00 PM IST
share
Share Via
Salora Intl. has reported a significant decline in its financial performance for the quarter ending Mar 2024. The company's net sales, operating profit, net profit, and EPS have all shown a decrease compared to the previous quarters. This could be a cause for concern for investors, as reflected in the 'Sell' stock call by MarketsMojo.
Operating Profit - Quarterly: At Rs 0.04 cr has Declined at -99.9 % over average Operating Profit of the previous four quarters of Rs 3.96 Cr. This indicates a significant decrease in profitability for the company.
Net Profit - Quarterly: At Rs -0.01 cr has Declined at -100 % over average Net Profit of the previous four quarters of Rs 0.02 Cr. This shows a loss in the quarter, compared to a profit in the previous quarters.
Earnings Per Share (EPS) - Quarterly: At Rs -0.01 has Declined at -100 % over average EPS of the previous four quarters of Rs 0.01. This indicates a decrease in earnings per share for the company.
Overall, Salora Intl. has seen a decline in its financial performance for the quarter ending Mar 2024. This is reflected in the stock call given by MarketsMOJO, which is 'Sell'. The company's net sales, operating profit, net profit, and EPS have all shown a decline compared to the previous quarters. This could be a cause for concern for investors, as it indicates a decrease in the company's profitability. However, it is important to note that Salora Intl. is a microcap company, which means it is a small company with a market capitalization of less than $300 million. This could also be a factor in its financial performance. It will be interesting to see how the company performs in the upcoming quarters and if it can turn its financials around.
{{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}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News