DHP India Reports Negative Financial Results for Q2 2024, Receives 'Strong Sell' Rating
DHP India, a microcap company in the domestic appliances industry, has recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Strong Sell' call by MarketsMOJO.
According to the financial report, DHP India has seen a negative performance in the second quarter of the fiscal year 2024-2025. The company's score has improved from -16 to -10 in the last three months, but it still remains in the negative range.
One of the major factors contributing to this negative performance is the company's Profit After Tax (PAT), which has seen a decline of 91.88% year on year. The PAT for the nine-month period stands at Rs 2.14 crore. The near-term trend for PAT is also negative.
Another concerning aspect is the company's Operating Cash Flow, which is at its lowest in the last three years at Rs 1.83 crore. This indicates a decline in the company's cash revenues from business operations.
The Net Sales for the quarter have also seen a decline of 9.4% compared to the average of the previous four quarters. The current Net Sales stand at Rs 11.17 crore. The near-term trend for sales is also negative.
In terms of liquidity, DHP India's Cash and Cash Equivalents for the half-yearly period are at its lowest in the last six periods at Rs 1.10 crore. This indicates a deteriorating short-term liquidity for the company.
Overall, the financial results for the quarter ending September 2024 show a negative trend for DHP India. Investors should take note of the 'Strong Sell' call given by MarketsMOJO and carefully consider their investment decisions.
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