Spencer's Retail sees negative financial performance

Spencer's Retail, a smallcap retail company, has recently declared its financial results for the quarter ended September 2023. According to the analysis by MarketsMOJO, the stock call for the company is 'Sell'. The company has seen a slight growth in net sales of 0.68% in the quarter, compared to 4.93% in the previous quarter. However, the consolidated net profit has decreased by 9.32% in the same period.

The operating profit (PBDIT) excluding other income has also seen a decline of 45.02%, indicating a negative trend for the company. The interest cost has increased by 6.29% in the quarter, which could be a cause for concern for investors. The operating profit margin has also fallen from the previous quarter, showing a decrease in the company's efficiency.

Spencer's Retail has seen a negative financial performance in the quarter ended September 2023, with a score of -13 compared to -17 in the previous quarter. The company's operating profit to interest ratio has been consistently falling in the last five quarters, indicating a deteriorating ability to manage interest payments. The operating profit has also been on a downward trend, with the lowest value of Rs -6.70 crore in the current quarter.

The company's profitability has also been affected, with a negative PAT of Rs -70.12 crore in the current quarter, a decrease of 16.4% compared to the average PAT of the previous four quarters. The interest cost has also been on the rise, indicating increased borrowings by the company. The PBT (Profit Before Tax) has also seen a decline of 9.6% in the current quarter, compared to the average PBT of the previous four quarters.

The earnings per share (EPS) for Spencer's Retail has been consistently declining in the last five quarters, with the lowest value of Rs -7.78 in the current quarter. This indicates a decrease in profitability and lower earnings for shareholders. Overall, the financial results for the quarter ended September 2023 for Spencer's Retail have not been positive, and investors may want to closely monitor the company's performance in the coming quarters.