Anmol India's Financial Results Show Decline in Sales and Profitability

Anmol India, a microcap trading company, has recently declared its financial results for the quarter ending September 2024. The company has received a 'Strong Sell' stock call from MarketsMOJO, indicating a negative outlook for its performance.

According to the financial report, Anmol India has seen a decline in its net sales by 51.8% compared to the previous four quarters, with a current net sales of Rs 185.78 crore. This trend is expected to continue in the near term. The company's profit before tax less other income (PBT) has also fallen by 161.8%, with a current PBT of -Rs 1.24 crore. Similarly, the profit after tax (PAT) has decreased by 74.3%, with a current PAT of Rs 1.01 crore.

The company's non-operating income is 191.85% of its PBT, indicating a high reliance on non-business activities for income. This is not a sustainable business model and may affect the company's long-term profitability. Additionally, the earnings per share (EPS) have also decreased to Rs 0.18, the lowest in the last five quarters.

These financial results suggest that Anmol India is facing challenges in its business operations, leading to a decline in its profitability. Investors are advised to exercise caution while considering this stock for investment.