Spenta International's Q1 financial report shows mixed results, with improved PAT but declining sales

Spenta International, a microcap textile company, has recently announced its financial results for the quarter ended March 2024. The company's stock has been given a 'Strong Sell' call by MarketsMOJO.

According to the financial report, Spenta Intl. has shown a flat performance in the quarter, with a score of -3, which has improved from -8 in the last 3 months. However, there are some positive aspects to the company's financials.

The Profit After Tax (PAT) for the nine-month period is higher at Rs 1.33 crore compared to the previous 12-month period ended March 2024, which was Rs 1.09 crore. This indicates that the company has already surpassed its sales from the previous year in just nine months.

On the other hand, the Net Sales for the half-yearly period is at Rs 15.54 crore, showing a decline of -28.06% compared to the same period last year. This suggests a negative trend in the company's sales in the near term.

Despite the mixed financial results, Spenta International remains a microcap company in the textile industry. Investors should carefully consider the company's performance before making any investment decisions. This information is based solely on the company's financial report and does not include any external data or sources.