Chrome Silicon's Q2 Financial Results Show Significant Decline, Receives 'Strong Sell' Rating

Nov 16 2024 05:11 PM IST
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Chrome Silicon, a microcap company in the ferro and silica manganese industry, has received a Strong Sell rating from MarketsMojo after announcing its financial results for the quarter ending September 2024. The company's performance has remained flat, with a significant decline in key financial indicators such as PBT, PAT, and net sales. Investors will be closely monitoring future reports for any signs of improvement.

Chrome Silicon, a microcap company in the ferro and silica manganese industry, recently announced its financial results for the quarter ending September 2024. The results, declared on November 14, 2024, have received a "Strong Sell" rating from MarketsMOJO.

According to the financial report, Chrome Silicon's performance has remained flat in the second quarter of the fiscal year 2024-2025. The company's score has dropped from -2 to -5 in the last three months, indicating a decline in its financial health.

The financials for the quarter have revealed some concerning trends for Chrome Silicon. The Profit Before Tax (PBT) less Other Income has fallen by -2372.73% Year on Year (YoY), standing at Rs -2.72 crore. The Profit After Tax (PAT) has also seen a significant decline of -4400.0% YoY, with a value of Rs -2.15 crore. Additionally, the Net Sales for the quarter have fallen by -19.27% YoY, standing at Rs 10.81 crore. This is the lowest net sales figure in the last five quarters, indicating a negative trend in the company's sales performance.

Overall, the financial results for the quarter ending September 2024 have not been favorable for Chrome Silicon. With a "Strong Sell" rating from MarketsMOJO, it is evident that the company's financial performance has not met expectations. Investors and stakeholders will be closely monitoring the company's future financial reports to see if there is any improvement in its performance.
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