Saptarishi Agro Industries Announces Q1 Financial Results, Receives 'Hold' Call from MarketsMOJO

Saptarishi Agro Industries, a microcap company in the agriculture industry, has recently announced its financial results for the quarter ending March 2024. The results, declared on August 13, have received a 'Hold' call from MarketsMOJO.

According to the financials, Saptarishi Agro has shown positive performance in the quarter, with a score of 17 compared to 26 in the previous 3 months. This indicates a decline in performance, but the company has still managed to achieve growth in key areas.

One of the highlights of the financials is the net sales for the half-yearly period, which has grown by 26.68% year on year, reaching Rs 21.84 crore. The company has also shown a positive trend in its sales in the near term. Additionally, Saptarishi Agro has been able to settle its debtors faster, with the debtors turnover ratio being the highest at 2.68 times in the last five half-yearly periods.

However, the company has also faced some challenges in the quarter, with its Profit After Tax (PAT) falling by -86.3% at Rs 0.07 crore. This is a significant decline compared to the average PAT of the previous four quarters, which was Rs 0.51 crore. The near term trend for PAT is also negative.

Overall, Saptarishi Agro Industries has shown a mixed performance in the quarter, with some positive and negative aspects. Investors are advised to hold their stocks and keep an eye on the company's future financial results.