Shubham Polyspin's Q1 FY25 Financial Results Show Mixed Performance, MarketsMOJO Issues 'Sell' Call

Shubham Polyspin, a microcap textile company, has recently declared its financial results for the quarter ending June 2024. According to the report released on August 14, 2024, the company has seen a flat performance in the quarter, with a score of -1 compared to 2 in the previous quarter.

Despite this, there are some positive aspects to the company’s financials. The net sales for the nine-month period have shown a growth of 21.85% year on year, reaching Rs 38.65 crore. This indicates a positive sales trend in the near term.

However, there are also some areas of concern for Shubham Polyspin. The operating profit for the quarter was at its lowest in the last five quarters, at Rs 0.09 crore. This has resulted in a negative trend in the near term for the company’s operating profit. Additionally, the operating profit margin for the quarter was also at its lowest in the last five quarters, indicating a deterioration in the company’s efficiency.

The profit before tax, less other income, for the quarter was also at its lowest in the last five quarters, at Rs -0.41 crore. This shows a negative trend in the near term for the company’s profit before tax.

Based on these financial results, MarketsMOJO has given a ‘Sell’ call for Shubham Polyspin’s stock. Investors should carefully consider these factors before making any investment decisions.