Axita Cotton's Q2 FY25 financial results show significant decline, receives 'Strong Sell' call.
Axita Cotton, a microcap textile company, has recently announced its financial results for the quarter ending September 2024. The company’s stock has been given a ‘Strong Sell’ call by MarketsMOJO.
According to the financial report, Axita Cotton has seen a significant decline in its financial performance for the quarter Q2 FY24-25. The company’s score has fallen from -11 to -26 in the last three months, indicating a very negative trend.
The net sales for the quarter were reported at Rs 129.89 crore, which is a decrease of 49.6% compared to the average net sales of the previous four quarters, which was Rs 257.50 crore. This shows a very negative trend in the company’s sales.
The profit before tax less other income (PBT) for the quarter was reported at Rs 0.62 crore, which is a decrease of 88.6% compared to the average PBT of the previous four quarters, which was Rs 5.43 crore. The profit after tax (PAT) for the quarter was reported at Rs 0.63 crore, which is a decrease of 86.1% compared to the average PAT of the previous four quarters, which was Rs 4.53 crore.
The company’s net sales have been consistently falling in the last five quarters, with the lowest reported at Rs 129.89 crore in the current quarter. The operating profit (PBDIT) for the quarter was reported at Rs 1.05 crore, which is the lowest in the last five quarters. The operating profit margin for the quarter was also the lowest at 0.81%, indicating a deterioration in the company’s efficiency.
The PBT for the quarter was reported at Rs 0.62 crore, which is the lowest in the last five quarters. The earnings per share (EPS) for the quarter were reported at Rs 0.02, which is the lowest in the last five quarters. This shows a declining profitability and lower earnings for shareholders.
Overall, the financial results for the quarter Q2 FY24-25 have been very negative for Axita Cotton. The company’s stock has been given a ‘Strong Sell’ call by MarketsMOJO, indicating a cautionary approach for investors.
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