Advik Capital's Q2 FY25 Financial Results Show Negative Performance, Receives 'Hold' Call from MarketsMOJO
Advik Capital, a microcap company in the electric equipment industry, recently announced its financial results for the quarter ending September 2024. The results, declared on October 18, have received a ‘Hold’ call from MarketsMOJO.
According to the financial report, Advik Capital has seen a negative performance in the quarter, with a score of -12 compared to 22 in the previous three months. This indicates a decline in the company’s overall financial health.
One of the major factors contributing to this decline is the decrease in net sales, which have fallen by 34.97% year on year to Rs 102.37 crore. This is also reflected in the near-term sales trend, which is currently very negative.
The company’s profit after tax (PAT) has also taken a hit, with a decrease of 101.1% year on year to Rs -0.07 crore. This is a concerning trend for investors, as the near-term PAT trend is also very negative.
In fact, the net sales for this quarter are the lowest in the last five quarters, further highlighting the negative sales trend in the near term. It is important for Advik Capital to address these issues and work towards improving its financial performance in the upcoming quarters.
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