Soma Textiles & Industries reports mixed performance in Q1 FY25 financial results

Soma Textiles & Industries, a microcap textile company, has recently declared 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, Soma Textiles has shown a flat performance in the quarter, with a slight improvement in its score from -4 to -3 in the last three months. However, there are some positive aspects to the company’s financials.

The company’s Profit After Tax (PAT) for the half-yearly period has shown a significant growth of 188.88% year on year, reaching Rs 3.15 crore. This is a positive trend for the company’s profitability. Additionally, the PAT for the half-yearly period is higher than the preceding 12 months, indicating a strong performance in the first half of the year.

On the other hand, there are some areas of concern for Soma Textiles. The company’s Operating Profit (PBDIT) for the quarter is at its lowest in the last five quarters, indicating a negative trend in the near term. Similarly, the Profit Before Tax (PBT) for the quarter is also at its lowest in the last five quarters, showing a negative trend in the near term. Moreover, the company’s Non-Operating Income is 324.56% of its PBT, which suggests that the company’s income from non-business activities is high and may not be sustainable in the long run.

Overall, Soma Textiles & Industries has shown a mixed performance in the quarter ending March 2024. While there are some positive aspects to its financials, there are also some areas of concern that need to be addressed. Investors are advised to carefully analyze the company’s financials before making any investment decisions.