Suraj Products Declares Q1 Results, Sees Decline in Financial Health

Despite a challenging quarter, Suraj Products, a microcap company in the iron and steel industry, has declared its financial results for the quarter ending March 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Suraj Products has seen a negative performance in the quarter, with a score of -12 compared to 15 in the previous quarter. This indicates a decline in the company's overall financial health.

The profit before tax (PBT) less other income has fallen by 26.67% year on year, with a near-term trend that is very negative. Similarly, the profit after tax (PAT) has also decreased by 23.5% year on year, with a negative near-term trend. The net sales have also fallen by 10.30% year on year, indicating a negative trend in the company's sales.

The operating profit (PBDIT) for the quarter is at its lowest in the last five quarters, and the operating profit margin has also decreased to its lowest at 11.86%. This suggests a decline in the company's efficiency. The PBT less other income is also at its lowest in the last five quarters, with a negative near-term trend. The earnings per share (EPS) have also decreased to its lowest in the last five quarters, indicating a decline in profitability and lower earnings for shareholders.

Despite these challenges, Suraj Products remains a microcap company in the iron and steel industry. The company's financial performance will be closely monitored by investors and experts in the coming quarters.