Dhatre Udyog's Q2 FY25 Financial Results Show Decline in Net Sales and Profit, Receives 'Strong Sell' Rating from MarketsMOJO
Dhatre Udyog, a microcap company in the steel/sponge iron/pig iron industry, recently announced its financial results for the quarter ending September 2024. The results, declared on November 14, 2024, have received a ‘Strong Sell’ call from MarketsMOJO.
The company’s performance for the quarter has been flat, with a score of -5 compared to 5 in the previous quarter. This decline in score can be attributed to various factors, as seen in the financials.
One of the major concerns for Dhatre Udyog is the decline in net sales for the quarter. At Rs 33.67 crore, the net sales have fallen by -13.49% compared to the same quarter last year. This trend is expected to continue in the near term, as indicated by the negative sales trend.
Another area of concern is the company’s profit after tax (PAT) for the nine-month period. At Rs 4.60 crore, the PAT has grown at a negative rate of -32.75% compared to the previous year. This trend is also expected to continue in the near term.
In addition, the net sales for the quarter have been the lowest in the last five quarters, further highlighting the negative sales trend for Dhatre Udyog.
Based on these financials, MarketsMOJO has given a ‘Strong Sell’ call for the company’s stock. Investors should carefully consider these factors before making any investment decisions.
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