Shree Precoated Steels Reports Positive Trends in Q1 FY25, Receives 'Strong Sell' Rating
Shree Precoated Steels, a microcap company in the iron and steel industry, has recently announced its financial results for the quarter ending March 2024. The results, declared on August 8, 2024, have received a ‘Strong Sell’ call from MarketsMOJO.
The company’s financial performance for the quarter has remained flat, with a score of 4 compared to -3 in the previous quarter. However, there have been some positive trends in the near term, as seen in the operating profit, profit before tax, profit after tax, and earnings per share.
The operating profit (PBDIT) for the quarter was the highest in the last five quarters, at Rs -0.13 crore. This indicates a positive trend in the near term. Similarly, the profit before tax (PBT) and profit after tax (PAT) were also the highest in the last five quarters, at Rs -0.13 crore. This shows that the company is moving towards profitability.
The earnings per share (EPS) for the quarter was also the highest in the last five quarters, at Rs -0.31. This indicates that the company has been able to create higher earnings for its shareholders.
Overall, Shree Precoated Steels has shown some positive trends in its financial performance for the quarter ending March 2024. However, with the ‘Strong Sell’ call from MarketsMOJO, investors may want to carefully consider their investment decisions.
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