Axel Polymers Reports Disappointing Q2 Results, Receives 'Strong Sell' Rating
Axel Polymers, a microcap company in the plastic products industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.
According to the financial report, Axel Polymers has seen a negative performance in the second quarter of the fiscal year 2024-2025. The company's score has fallen from 6 to -10 in the last three months, indicating a decline in its financial health.
One of the major factors contributing to this decline is the decrease in net sales, which has fallen by 55.14% year on year. The company's net sales for the quarter were recorded at Rs 13.87 crore, the lowest in the last five quarters. This trend is expected to continue in the near term.
Another concerning aspect is the decline in profit before tax (PBT) less other income, which has fallen by 267.35% year on year. The company's PBT for the quarter was recorded at Rs -0.82 crore, the lowest in the last five quarters. This indicates a negative trend in the company's profitability.
Axel Polymers' operating profit (PBDIT) for the quarter was also at its lowest in the last five quarters, at Rs 0.15 crore. The company's PBT and earnings per share (EPS) have also shown a declining trend, with the lowest values recorded in the last five quarters.
Overall, Axel Polymers' financial performance for the quarter ending September 2024 has been disappointing. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO, indicating a negative outlook for the company. Investors should closely monitor the company's financial performance in the coming quarters.
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