Soma Textiles & Industries reports mixed financial results for Q1 2024, with positive trends in profitability and earnings.

Soma Textiles & Industries, a microcap textile company, has recently declared its financial results for the quarter ending March 2024. According to the data released on May 22, 2024, the company has seen a flat financial performance in the quarter.

The company's score has fallen from -2 to -3 in the last three months. However, there are some positive aspects to the financial results. The Profit After Tax (PAT) for the quarter has grown by 335.3% to Rs 2.58 crore, compared to the average PAT of the previous four quarters which was Rs -1.10 crore. This shows a very positive trend in the near term for the company's profitability.

The Operating Profit (PBDIT) for the quarter is also at its highest in the last five quarters, standing at Rs -0.80 crore. This indicates a positive trend in the near term for the company's operating profit. Similarly, the Profit Before Tax less Other Income (PBT) for the quarter is also at its highest in the last five quarters, at Rs -0.88 crore. This shows a positive trend in the near term for the company's PBT.

The company's Earnings per Share (EPS) for the quarter is also at its highest in the last five quarters, at Rs 5.84. This indicates an increasing profitability and higher earnings for shareholders.

However, there are some concerns with the financial results. The Non Operating Income for the quarter is 129.53% of the Profit Before Tax (PBT). This means that the company's income from non-business activities is high, which may not be a sustainable business model. The Non Operating Income for the quarter is also at its highest in the last five quarters, at Rs 3.86 crore. This could indicate that the company's increased income from non-business activities may not be sustainable.

Overall, Soma Textiles & Industries has shown a mixed financial performance in the quarter ending March 2024. While there are some positive aspects, there are also some concerns that need to be addressed. MarketsMOJO has given a 'Hold' call for the company's stock based on these financial results. Investors are advised to carefully analyze the data and make informed decisions.