Butterfly Gandhimathi Appliances Receives 'Strong Sell' Rating from MarketsMOJO
Butterfly Gandhimathi Appliances, a smallcap company in the domestic appliances industry, has reported a negative performance in the quarter ending September 2024, with a decline in net sales and profits. This has led to a 'Strong Sell' call by MarketsMojo, indicating a negative trend in the company's financial health and advising caution for investors.
Butterfly Gandhimathi Appliances, a smallcap company in the domestic appliances industry, recently announced its financial results for the quarter ending September 2024. The stock has been given a 'Strong Sell' call by MarketsMOJO.
According to the financial report, Butterfly Gan Ap has seen a negative performance in the quarter, with a score of -7 compared to -9 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 decrease in net sales, which have fallen by 16.32% year on year to Rs 257.70 crore. This trend is expected to continue in the near term, as the sales trend is very negative.
The company's profit before tax (PBT) less other income has also seen a decline of 16.01% year on year to Rs 15.27 crore. Similarly, the profit after tax (PAT) has fallen by 13.1% year on year to Rs 12.68 crore. This indicates a negative trend in the company's profitability in the near term.
Based on these financial results, MarketsMOJO has given a 'Strong Sell' call for Butterfly Gandhimathi Appliances. Investors should carefully consider these factors before making any investment decisions.
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