Suryo Foods' Financial Results Show Positive Growth

Suryo Foods & Industries, a microcap company in the aquaculture industry, has recently declared its financial results for the quarter ended September 2023. The company's net sales have remained stagnant in the last few periods, but its standalone net profit has shown a significant decline of 82.98% compared to the previous quarter. However, its operating profit (PBDIT) has seen a positive growth of 62.50% in the same period.

The company has not incurred any interest expenses in the last few periods, and its operating profit margin (excluding other income) has not been reported. Despite these factors, Suryo Foods has shown a positive financial performance in the quarter ended September 2023, with its score improving from 9 to 10 in the last 3 months.

The company's half-yearly profit after tax (PAT) has grown by 558.33% year on year, indicating a very positive trend. Moreover, its PAT for the half-year is higher than the preceding 12-month period, showing a strong performance. In terms of operating profit, Suryo Foods has recorded its highest figure of Rs -0.03 cr in the last five quarters, indicating a positive trend in the near term.

Based on these financial results, MarketsMOJO has given a 'Sell' call for Suryo Foods' stock. However, it is important to note that this article is not a recommendation and is purely based on facts and figures. Investors are advised to conduct their own research and analysis before making any investment decisions.