Superhouse Ltd's Q3 Results Show Mixed Performance

Superhouse Ltd, a microcap company in the leather industry, recently announced its financial results for the quarter ended September 2023. The company's stock has been given a 'Hold' call by MarketsMOJO.

In the quarter-on-quarter analysis, Superhouse Ltd showed a 16.19% growth in net sales, a significant improvement from the -6.43% growth in the previous quarter. The consolidated net profit also saw a remarkable growth of 225.83%, compared to a decline of -78.91% in the previous quarter. The operating profit (PBDIT) excluding other income also showed a positive growth of 48.86%, a significant improvement from the -47.52% growth in the previous quarter. However, the interest cost increased by 10.05% in the current quarter, compared to a growth of 0.53% in the previous quarter.

Despite the negative financial performance in the quarter, Superhouse Ltd has shown improvement in its overall score, which has improved from -24 to -11 in the last three months. The company's cash and cash equivalents have also seen a positive trend, with the highest amount of Rs 76.84 crore in the last six half-yearly periods, indicating an improvement in short-term liquidity.

However, there are some areas that need attention for Superhouse Ltd. The profit before tax (PBT) less other income has fallen by -24.0% compared to the average PBT of the previous four quarters. The profit after tax (PAT) has also seen a decline of -14.9% compared to the average PAT of the previous four quarters. The interest cost has also increased by 10.05% in the current quarter, indicating increased borrowings. Additionally, the debtors turnover ratio has slowed down, with the lowest ratio of 3.74 times in the last five half-yearly periods.

Overall, Superhouse Ltd has shown mixed results in the quarter ended September 2023, with some positive and negative trends. Investors are advised to hold their stock and keep an eye on the company's performance in the upcoming quarters.