Banas Finance Reports Disappointing Q2 Results with Negative Trends in Sales and Profitability

Banas Finance, a microcap finance company, 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, Banas Finance has seen a negative performance in the second quarter of the fiscal year 2024-25. The company's score has fallen from -2 to -16 in the last three months.

One of the major factors contributing to this decline is the decrease in net sales. The company's net sales for the quarter were Rs 8.20 crore, which is a significant drop of 51.5% compared to the average net sales of the previous four quarters, which was Rs 16.92 crore. This indicates a very negative trend in the company's sales.

The company's profit before tax (PBT) less other income has also taken a hit, with a decrease of 412.0% compared to the average PBT of the previous four quarters. The PBT for the quarter was Rs -10.39 crore, which is a concerning trend for the company.

Similarly, the profit after tax (PAT) for the quarter was Rs -9.53 crore, a decrease of 349.0% compared to the average PAT of the previous four quarters, which was Rs -2.12 crore. This shows a very negative trend in the company's profitability.

Banas Finance's operating profit (PBDIT) for the quarter was the lowest in the last five quarters at Rs -10.39 crore. This indicates a negative trend in the company's operating profit.

The company's operating profit margin for the quarter was also the lowest in the last five quarters at -126.71%. This shows a deterioration in the company's efficiency.

Overall, Banas Finance's financial performance for the quarter has been disappointing, with negative trends in key areas such as sales, profitability, and operating efficiency. Investors should take note of these results and make informed decisions about their investments in the company.