Aditya Ispat Reports Negative Performance in Q2, Lowest Sales in 5 Quarters
Aditya Ispat, a microcap company in the iron and steel industry, reported a negative performance in the quarter ending June 2024. The net sales and profit after tax (PAT) saw a significant decline compared to the same quarter last year. This trend is a cause for concern for investors, with MarketsMojo giving a 'Sell' call for the company's stock.
Aditya Ispat, a microcap company in the iron and steel industry, recently announced its financial results for the quarter ending in June 2024. According to the report released on August 14, 2024, the company has seen a negative performance in this quarter. This is in line with the company's performance in the last three months.
The net sales for the quarter were recorded at Rs 10.68 crore, which is a decrease of 20% compared to the same quarter last year. This indicates a very negative trend in the company's sales in the near term. Similarly, the profit after tax (PAT) for the quarter was at Rs -0.54 crore, showing a significant decline of 5500% compared to the same quarter last year. This also reflects a very negative trend in the company's PAT in the near term.
Moreover, the net sales for this quarter were the lowest in the last five quarters, further highlighting the negative trend in the company's sales. The overall sales trend for Aditya Ispat is currently negative, which is a cause for concern for investors.
Based on these financial results, MarketsMOJO has given a 'Sell' call for Aditya Ispat's stock. This indicates that the company's stock is not performing well and investors should consider selling their shares. It is important for investors to carefully analyze the company's financial performance before making any investment decisions.
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