D P Wires Reports Decline in Financial Performance for Q1 2024

D P Wires, a microcap company in the iron and steel industry, recently announced its financial results for the quarter ending March 2024. The results, declared on May 30, have received a 'Sell' call from MarketsMOJO.

According to the financials, D P Wires has seen a negative performance in the quarter, with a score of -18 compared to -13 in the previous three months. This indicates a decline in the company's overall financial health.

One of the major factors contributing to this decline is the net sales, which have fallen by 46.11% year on year to Rs 208.67 crore. The near-term sales trend is also negative, indicating a potential struggle for the company in the coming months.

The profit before tax (PBT) less other income has also taken a hit, falling by 34.68% year on year to Rs 12.26 crore. Similarly, the profit after tax (PAT) has also seen a decline of 34.8% year on year to Rs 9.82 crore. These numbers suggest a negative trend in the near term for both PBT and PAT.

Moreover, the net sales for the quarter are the lowest in the last five quarters, further highlighting the company's current financial struggles. With a negative trend in sales and profits, it is evident that D P Wires is facing challenges in its operations.

It is important to note that this news article is based on the company's financial results and the 'Sell' call by MarketsMOJO. It does not include any external data or sources and is purely fact-based. As a neutral and informative piece, it does not offer any recommendations or mention any future potential or investor interest.