Ventura Textiles Reports Flat Performance, Receives 'Sell' Rating from MarketsMOJO
Ventura Textiles, a microcap textile company, reported a flat performance in the quarter ending March 2024 with a decrease of 236.3% in Profit After Tax (PAT) compared to the same quarter last year. The company's Earnings per Share (EPS) also saw a decline, prompting MarketsMojo to give a 'Sell' call for investors.
Ventura Textiles, a microcap textile company, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO, indicating a negative outlook for investors.
According to the financial report, Ventura Textiles has seen a flat performance in the quarter, with no significant improvement in the last three months. The company's Profit After Tax (PAT) for the quarter was at Rs -3.80 crore, a decrease of 236.3% compared to the same quarter last year. This downward trend in PAT is a cause for concern for investors in the near term.
The company's Earnings per Share (EPS) for the quarter was at its lowest in the last five quarters, at Rs -1.95. This indicates a decline in profitability and lower earnings for shareholders.
While Ventura Textiles has not shown any significant growth in this quarter, the company remains optimistic about its future performance. However, based on the current financials, MarketsMOJO has advised investors to sell their stocks in Ventura Textiles.
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