SNL Bearings Shows Improvement in Operating Profit Margin and PBT for Q1 2024
SNL Bearings, a microcap company in the bearings industry, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.According to the financial report, SNL Bearings has shown a flat performance in the quarter, with a score of 2 out of 10. However, this is an improvement from the previous quarter's score of 0. Despite the flat performance, there are some positive aspects to note.
One of the highlights is the company's operating profit margin, which is the highest it has been in the last five quarters at 24.87%. This indicates that the company's efficiency has improved. Additionally, the profit before tax less other income (PBT) for the quarter is also the highest it has been in the last five quarters at Rs 2.47 crore. This suggests a positive trend in the near term for PBT.
Overall, while SNL Bearings may have had a flat financial performance in the last quarter, there are some positive signs for the company's future. Investors should keep an eye on the company's progress in the coming months.
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