Add-Shop E-Retail's Q2 FY25 Financial Results Show Negative Performance and Decline in Sales
Add-Shop E-Retail, a microcap trading company, recently announced its financial results for the quarter ending September 2024. The results, declared on October 25, 2024, have received a ‘Strong Sell’ call from MarketsMOJO.
According to the financial report, Add-Shop E-Retail has seen a negative performance in the quarter, with a score of -7 compared to 0 in the previous three months. This decline can be attributed to various factors that have affected the company’s financials.
One of the major concerns is the net sales, which have fallen by 36.4% to Rs 31.20 crore in the quarter, compared to the average net sales of the previous four quarters, which stood at Rs 49.03 crore. This indicates a significant decrease in sales and a negative trend in the near term.
Moreover, the company’s half-yearly profit after tax (PAT) has also seen a decline of 73.36% year on year, with only Rs 2.03 crore in the current quarter. This is a worrying trend for investors, as the near term PAT trend is also negative.
In addition, the net sales for the quarter have hit a five-quarter low at Rs 31.20 crore, further highlighting the negative sales trend in the near term.
Overall, the financial results for the quarter ending September 2024 have not been favorable for Add-Shop E-Retail. Investors and stakeholders are advised to closely monitor the company’s performance in the coming months.
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