Sreeleathers' Q1 Financial Results Show Negative Performance, MarketsMOJO Gives 'Sell' Call

Sreeleathers, a microcap trading company, has recently declared its financial results for the quarter ended March 2024. According to the data released on May 30, 2024, the company has seen a negative performance in this quarter. This is evident from the decrease in its score from 1 to -10 in the last three months.

The financials for the quarter show a decline in key areas such as Profit Before Tax (PBT), Profit After Tax (PAT), and Operating Profit (PBDIT). PBT has fallen by 28.79% year on year, while PAT has decreased by 29.0% year on year. The company's operating profit has also hit a low of Rs 6.74 crore, the lowest in the last five quarters. This indicates a negative trend in the near term for the company's profitability.

The operating profit margin, which measures the company's efficiency, has also decreased to 13.59%, the lowest in the last five quarters. This further highlights the deteriorating performance of Sreeleathers.

The company's earnings per share (EPS) have also taken a hit, with the lowest value of Rs 2.06 in the last five quarters. This shows a decline in profitability and a lower return for shareholders.

Based on these financial results, MarketsMOJO has given a 'Sell' call for Sreeleathers' stock. The company's performance in this quarter has not been up to the mark, and it is important for investors to carefully consider their options before making any investment decisions.