Asi Industries Reports Decline in Sales and Profits for Q2 FY25
Asi Industries, a microcap company in the ceramics/marble/granite/sanitaryware industry, recently announced its financial results for the quarter ending September 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.
According to the financial report, Asi Industries has shown a flat performance in the quarter, with a slight improvement in its score from -6 to -5 in the last three months. However, the company’s net sales have fallen by 35% compared to the average of the previous four quarters, which is a concerning trend for the near future.
The company’s profit before tax (PBT) has also seen a significant decline of 217.4% compared to the average of the previous four quarters. Similarly, the profit after tax (PAT) has fallen by 91.9%, indicating a negative trend in the company’s financial performance.
One of the major factors contributing to this decline is the high non-operating income, which is 471.91% of the PBT. This suggests that the company’s income from non-business activities is not sustainable in the long run.
Overall, the financial results for the quarter ending September 2024 do not paint a positive picture for Asi Industries. Investors are advised to take note of these numbers and make informed decisions regarding their investments in the company.
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