Chandra Prabhu International Announces Q2 Financial Results, Receives 'Strong Sell' Rating from MarketsMOJO

Chandra Prabhu International, a microcap trading company, has recently announced its financial results for the quarter ending June 2024. The results, declared on July 25, 2024, have received a 'Strong Sell' rating from MarketsMOJO.

According to the financial report, Chandra Prabhu International has shown a flat performance in the quarter, with a score of -2 compared to 2 in the previous three months. However, there are some positive aspects to the company's performance.

The net sales for the quarter were the highest in the last five quarters, at Rs 291.88 crore. This is a 36.6% growth compared to the average net sales of the previous four quarters, which were at Rs 213.71 crore. This indicates a positive trend in the company's sales in the near term.

On the other hand, the debtors turnover ratio for the half-yearly period was the lowest in the last five periods, at 18.88 times. This suggests that the company's pace of settling its debtors has slowed down.

Overall, Chandra Prabhu International's financial results for the quarter ending June 2024 have been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.