Shreyans Industries Reports Mixed Performance in Q3, PAT Shows Growth

Shreyans Industries, a microcap company in the paper and paper products industry, recently announced its financial results for the quarter ending December 2023. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financials, Shreyans Inds. has seen a negative performance in the quarter, with a score of -9 compared to -2 in the previous 3 months. However, there are some positive aspects to the company's performance.

The Profit After Tax (PAT) for the nine-month period has shown a growth of 46.99% year on year, reaching Rs 72.51 crore. This indicates a positive trend in the near term. On the other hand, the Net Sales for the quarter have fallen by -24.75% year on year, standing at Rs 172.65 crore. This shows a negative trend in the near term.

The Profit Before Tax less Other Income (PBT) for the quarter has also shown a decline of -48.98% year on year, reaching Rs 12.74 crore. This is the lowest PBT in the last five quarters, indicating a negative trend in the near term. The Operating Profit (PBDIT) for the quarter is also at its lowest in the last five quarters, standing at Rs 17.36 crore. This shows a negative trend in the near term.

The Operating Profit Margin for the quarter is also at its lowest in the last five quarters, at 10.06%. This indicates a deterioration in the company's efficiency. Moreover, the Non Operating Income for the quarter is 54.45% of the Profit Before Tax (PBT), which suggests that the company's income from non-business activities is high, which may not be a sustainable business model.

Overall, Shreyans Industries has shown a mixed performance in the quarter ending December 2023. While there are some positive aspects, there are also some concerns that need to be addressed by the company. Investors are advised to hold their position and monitor the company's performance in the coming quarters.