D P Wires Reports Decline in Q4 Performance, Receives 'Strong Sell' Rating

D P Wires, a microcap company in the iron and steel industry, has recently announced its financial results for the quarter ending December 2023. The company's stock has been given a 'Strong Sell' call by MarketsMOJO.

According to the financial report, D P Wires has seen a negative performance in the quarter, with a score of -13 compared to 5 in the previous quarter. This decline can be attributed to various factors, including a decrease in net sales, profit before tax, and profit after tax.

The net sales for the quarter were at Rs 252.06 crore, showing a significant decline of -26.79% year on year. This trend is expected to continue in the near term. Similarly, the profit before tax less other income (PBT) has fallen by -45.76% year on year, with a near term trend that is also negative. The profit after tax (PAT) has also seen a decline of -32.1% year on year.

In addition, D P Wires has also seen its lowest net sales and operating profit in the last five quarters, with a negative trend in the near term. The operating profit margin has also decreased to its lowest at 2.96%, indicating a deterioration in the company's efficiency.

The profit before tax less other income (PBT) has also reached its lowest in the last five quarters, with a negative trend in the near term. The earnings per share (EPS) have also declined to its lowest at Rs 4.66, showing a decrease in profitability and lower earnings for shareholders.

Overall, the financial results for the quarter ending December 2023 have not been favorable for D P Wires. Investors should take note of the negative trends and the 'Strong Sell' call by MarketsMOJO before making any investment decisions.