Bhagwati Autocast Reports Negative Financial Performance in Q2 FY24-25
Bhagwati Autocast, a microcap company in the castings and forgings industry, has announced its financial results for the quarter ending September 2024. According to MarketsMojo, the stock call for the company is 'Sell' due to a negative financial performance. However, the company has recorded its highest dividend per share in the last five years, but also saw a decline in profit and net sales.
Bhagwati Autocast, a microcap company in the castings and forgings industry, recently announced its financial results for the quarter ending September 2024. The results have been declared on November 7, 2024.
According to MarketsMOJO, a leading stock analysis platform, the stock call for Bhagwati Autocast is 'Sell'. The company has seen a negative financial performance in the second quarter of FY24-25, with a score of -8 compared to 7 in the previous quarter.
However, there are some positive aspects to Bhagwati Autocast's financials for the quarter. The company has recorded the highest dividend per share (DPS) of Rs 2.00 in the last five years, indicating that it is distributing higher dividends from its profits.
On the other hand, there are some areas of concern in the financials for the quarter. The profit before tax (PBT) less other income has fallen by -106.53% year on year (YoY) to Rs -0.22 crore, and the profit after tax (PAT) has also declined by -160.0% YoY to Rs -0.48 crore. The net sales have also fallen by -11.54% YoY to Rs 35.02 crore, indicating a negative trend in the near term.
Moreover, the earnings per share (EPS) for the quarter is at its lowest at Rs -1.67 in the last five quarters, showing a declining profitability and lower earnings for shareholders.
Overall, Bhagwati Autocast's financial performance for the quarter ending September 2024 has been negative, with some positive and negative aspects. Investors are advised to carefully consider these factors before making any investment decisions.
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