Shree Krishna Paper Mills & Industries Reports Negative Financial Results, MarketsMOJO Calls for 'Sell'

Shree Krishna Paper Mills & Industries, a microcap company in the paper and paper products industry, recently announced its financial results for the quarter ending March 2024. The stock call by MarketsMOJO for this company is 'Sell'.

According to the financial report, Shree Krishna Paper Mills & Industries has seen a negative performance in the quarter, with a score of -15 compared to -14 in the previous three months. This indicates a decline in the company's overall financial health.

One of the major factors contributing to this negative performance is the Profit Before Tax (PBT) less Other Income, which has fallen by -317.1% to Rs -0.76 crore compared to the average PBT of the previous four quarters, which was Rs 0.35 crore. This shows a significant decline in the company's profitability in the near term.

Similarly, the Profit After Tax (PAT) has also seen a sharp decline of -179.6% to Rs -0.23 crore compared to the average PAT of the previous four quarters, which was Rs 0.29 crore. This further highlights the negative trend in the company's financials.

In terms of sales, the company's Net Sales for the quarter stood at Rs 35.21 crore, which is a decrease of -8.1% compared to the average Net Sales of the previous four quarters, which was Rs 38.33 crore. This indicates a negative trend in the company's sales performance in the near term.

Based on these financial results, MarketsMOJO has given a 'Sell' call for Shree Krishna Paper Mills & Industries. Investors should carefully consider these factors before making any investment decisions.