Bimetal Bearings Announces Q2 Financial Results, Receives 'Sell' Call from MarketsMOJO

Bimetal Bearings, a microcap company in the bearings industry, recently announced its financial results for the quarter ending September 2024. The results, declared on November 14, 2024, have received a 'Sell' call from MarketsMOJO.

According to the financials, Bimetal Bearings has seen a flat performance in the second quarter of the fiscal year 2024-2025. The company's score has fallen from 12 to -4 in the last three months.

However, there are some positive aspects to Bimetal Bearings' financials. The company's net sales for the quarter were the highest in the last five quarters, at Rs 62.61 crore. The near-term sales trend is also positive.

On the other hand, there are some areas of concern for Bimetal Bearings. The company's Profit Before Tax less Other Income (PBT) for the quarter was Rs 1.39 crore, which is a 27.3% decrease from the average PBT of the previous four quarters, which was Rs 1.91 crore. The near-term trend for PBT is very negative. Similarly, the company's Profit After Tax (PAT) for the quarter was Rs 1.96 crore, a 24.0% decrease from the average PAT of the previous four quarters, which was Rs 2.58 crore. The near-term trend for PAT is also very negative.

Overall, Bimetal Bearings' financial performance for the quarter ending September 2024 has been mixed, with some positive and negative aspects. Investors are advised to carefully consider these factors before making any investment decisions.