Sharda Ispat's Q1 FY25 financial report shows decline in net sales and PAT, receives 'Hold' call from MarketsMOJO
Sharda Ispat, a microcap company in the iron and steel industry, recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.
According to the financial report, Sharda Ispat’s performance has remained flat in the quarter, with a score of 3 compared to 15 in the previous three months. This indicates a decline in the company’s overall financial health.
One of the major factors contributing to this decline is the decrease in net sales, which fell by 15.9% to Rs 47.76 crore compared to the average net sales of the previous four quarters, which stood at Rs 56.82 crore. This trend is expected to continue in the near term.
Similarly, the company’s profit after tax (PAT) also saw a decline of 15.2% to Rs 2.96 crore compared to the average PAT of the previous four quarters, which was Rs 3.49 crore. This indicates a negative trend in the company’s near term PAT.
Moreover, the net sales for the quarter were the lowest in the last five quarters, further highlighting the negative sales trend in the near term. However, it is important to note that this information is based on the company’s financial performance and does not include any external data or sources.
In conclusion, Sharda Ispat’s financial results for the quarter ending June 2024 have shown a decline in net sales and PAT, leading to a ‘Hold’ call by MarketsMOJO. The company’s near term sales trend is expected to remain negative.
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