Surat Trade's Q1 financials show mixed performance, with concerns over non-operating income

Surat Trade & Merchantile, a microcap textile company, has recently announced its financial results for the quarter ending March 2024. According to the report, the company has seen a flat performance in this quarter, with a score of 3 out of 10, compared to 6 in the previous quarter.

Despite this, there are some positive aspects to Surat Trade's financials. The company's net sales for the nine-month period have grown by 78.59% year on year, reaching Rs 44.95 crore. This shows a strong sales trend in the near term. Additionally, the company's net sales for the nine-month period are higher than the previous 12-month period, indicating a steady growth in sales.

However, there are also some concerns regarding Surat Trade's financials. The non-operating income for the quarter is 168.10% of the profit before tax, which suggests that the company's income from non-business activities is high. This may not be a sustainable business model in the long run.

MarketsMOJO, a leading financial analysis and research firm, has given a 'Sell' call for Surat Trade's stock. This is based on the company's current financial performance and market trends.

Overall, Surat Trade's financial results for the quarter ending March 2024 show a mixed performance. While there are some positive aspects, there are also areas of concern that investors should consider before making any investment decisions.