Sri Nachammai Cotton Mills Announces Q3 Financial Results, Mixed Performance Seen

Sri Nachammai Cotton Mills, a microcap company in the textile industry, recently announced its financial results for the quarter ending December 2023. The results have been declared on February 8, 2024.

According to MarketsMOJO, a leading financial analysis platform, the stock call for Sri Nachammai Cotton Mills is currently 'Strong Sell'. However, the company has shown some improvement in its financial performance, with its score improving from -22 to -15 in the last three months.

One of the positive aspects of the company's financials is its Profit After Tax (PAT) for the quarter, which stands at Rs -1.29 crore, the highest in the last five quarters. This shows a positive trend in the near term for the company's profitability. Similarly, the Earnings per Share (EPS) for the quarter is also the highest in the last five quarters at Rs -3.01, indicating that the company has been able to generate higher earnings for its shareholders.

On the other hand, the company's Net Sales for the quarter have fallen by -52.54% Year on Year (YoY) to Rs 10.54 crore. This is also the lowest in the last five quarters, showing a very negative trend in the near term for the company's sales. Additionally, the Cash and Cash Equivalents for the half-yearly period are at its lowest in the last six periods at Rs 0.06 crore, indicating a deteriorating short-term liquidity for the company.

Overall, Sri Nachammai Cotton Mills has shown mixed results in its financial performance for the quarter ending December 2023. While there are some positive aspects, such as improved profitability, the company also faces challenges in terms of declining sales and liquidity. Investors are advised to carefully consider these factors before making any investment decisions.