Shubham Polyspin Reports Positive Growth in Q3

Nov 09 2023 12:00 AM IST
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Shubham Polyspin, a microcap textile company, has reported a 35.14% growth in net sales and a 64.71% growth in standalone net profit for the quarter ended September 2023. The company's operating profit and interest expenses have also shown positive trends. Despite a 'Strong Sell' stock call, the company's financial performance has improved and its score has increased from -1 to 2 in the last three months. Investors should monitor the company's performance in the future.
Shubham Polyspin, a microcap textile company, has recently announced its financial results for the quarter ended September 2023. The company has reported a 35.14% growth in net sales compared to the previous quarter, which saw a decline of 2.51%. The standalone net profit has also shown a positive growth of 64.71% in the same period, as compared to 70.00% in the previous quarter.

The operating profit (PBDIT) excluding other income has seen a significant growth of 48.72% in the quarter ended September 2023, as compared to a decline of 30.36% in the previous quarter. The company's interest expenses have also decreased by 4.55% in the current quarter, as compared to a decline of 24.14% in the previous quarter.

The operating profit margin (excluding other income) has shown improvement in the quarter ended September 2023, as compared to the previous quarter. This indicates that the company's operational efficiency has improved in the current quarter.

According to MarketsMOJO, a leading financial analysis platform, the stock call for Shubham Polyspin is 'Strong Sell'. However, the company's financial performance for the quarter ended September 2023 has shown some positive trends. The net sales for the quarter were the highest in the last five quarters, and the near-term sales trend is also positive. The net sales for the quarter have grown by 34.4% over the average net sales of the previous four quarters.

Overall, Shubham Polyspin has shown a flat financial performance in the quarter ended September 2023, but there are some positive indicators for the company's future growth. The company's score has also improved from -1 to 2 in the last three months, indicating a positive trend. Investors should keep an eye on the company's performance in the coming quarters to make informed decisions.
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