Waterbase's Q3 Financial Results Show Decline

Nov 11 2023 12:00 AM IST
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Waterbase, a microcap aquaculture company, has reported a decline in net sales, net profit, and operating profit for the quarter ended September 2023. The company's interest expenses have also increased, while its operating profit margin has fallen. However, its net sales have shown a positive trend for the past nine months. The company's operating cash flow, EPS, DPS, and DPR have also decreased, indicating a negative financial performance.

Waterbase, a microcap aquaculture company, has recently announced its financial results for the quarter ended September 2023. The company's net sales for the quarter have seen a decline of 22.00% compared to the previous quarter, while the consolidated net profit has also decreased by 367.03%. The operating profit (PBDIT) has also shown a negative growth of 116.80% in the same period.

The company's interest expenses have also increased by 32.14% in the quarter, adding to the negative financial performance. The operating profit margin (excluding other income) has also fallen compared to the previous quarter.

Despite the negative financial performance, Waterbase has shown a positive trend in its net sales for the past nine months, with a growth of 27.79% year on year. However, the profit after tax (PAT) for the quarter has fallen by 205.7% compared to the average of the previous four quarters.

The company's operating cash flow has also been on a decline for the past three years, indicating a decrease in cash revenues from business operations. The operating profit and profit before tax (PBT) have also been at their lowest in the last five quarters.

On the other hand, the company's earnings per share (EPS) and dividend per share (DPS) have also shown a decline, with the DPS being at its lowest in the last five years. The dividend payout ratio (DPR) has also decreased, indicating a lower distribution of profits as dividends.

Overall, Waterbase's financial performance for the quarter ended September 2023 has been negative, with a score of -9 compared to 11 in the previous quarter. Investors should carefully consider these factors before making any investment decisions.
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