Shree Metalloys Announces Q1 Financial Results, Stock Receives 'Sell' Rating

Shree Metalloys, a microcap trading company, has recently announced its financial results for the quarter ended March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Shree Metalloys has shown a flat performance in the quarter, with a score of 5 which has improved from -8 in the last 3 months. However, there are some positive aspects to the company's financials.

The net sales for the quarter were at Rs 27.43 crore, showing a growth of 21.0% compared to the average net sales of the previous four quarters which were at Rs 22.67 crore. This indicates a positive trend in the company's sales in the near term.

The operating profit (PBDIT) for the quarter was at its highest in the last five quarters, at Rs 0.36 crore. This also shows a positive trend in the near term for the company's operating profit.

The operating profit margin for the quarter was also at its highest in the last five quarters, at 1.31%. This indicates an improvement in the company's efficiency.

The profit before tax less other income (PBT) for the quarter was also at its highest in the last five quarters, at Rs 0.27 crore. This shows a positive trend in the near term for the company's PBT.

In the nine month period, the company's profit after tax (PAT) was higher at Rs 0.45 crore compared to the preceding 12 month period ended March 2024 which was at Rs 0.31 crore. This indicates that the company has already surpassed its sales from the previous twelve months in just nine months.

Overall, Shree Metalloys has shown a mixed financial performance in the quarter ended March 2024. While there are some positive aspects to the company's financials, the stock has been given a 'Sell' call by MarketsMOJO. Investors are advised to carefully consider all the information before making any investment decisions.