Borosil Renewables Reports Decline in Financial Performance for Q3 2024

Borosil Renewables, a midcap company in the glass industry, 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, Borosil Renewables has seen a negative performance in the quarter, with a score of -15 compared to -8 in the previous quarter. This indicates a decline in the company's financial health.

One of the major factors contributing to this decline is the Profit Before Tax (PBT) less Other Income, which has fallen by 85.30% year on year. The trend for PBT in the near term is also negative. Similarly, the Profit After Tax (PAT) has fallen by 33.7% year on year, with a negative trend in the near term.

Another concerning aspect is the increase in interest cost, which has grown by 32.24% quarter on quarter. This suggests that the company has taken on more borrowings, which could impact its financial stability.

In terms of sales, Borosil Renewables has seen a decline of 7.28% year on year, with a negative trend in the near term. Additionally, the company's non-operating income has increased, but this may not be sustainable as it comes from non-business activities.

Overall, the financial results for the quarter ending September 2024 have not been favorable for Borosil Renewables. Investors should carefully consider these factors before making any decisions regarding the company's stock.