Facor Alloys Reports Negative Financial Results for Q1 FY25, Sales and Profit Decline

Facor Alloys, a microcap company in the ferro and silica manganese industry, recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a “Strong Sell” rating by MarketsMOJO.

According to the financial report, Facor Alloys has seen a negative performance in the quarter, with a score of -17, which is an improvement from the previous quarter’s score of -21. This indicates that the company’s financial health has slightly improved in the last three months.

However, the company’s net sales for the half-yearly period have shown a significant decline of -96.04% compared to the same period last year, with only Rs 7.52 crore in sales. The near-term sales trend for Facor Alloys is also negative, which could be a cause for concern.

Similarly, the company’s profit after tax (PAT) for the half-yearly period has also decreased by -96.04% compared to last year, with a loss of Rs -7.95 crore. This indicates a negative trend in the company’s profitability in the near term.

Another concerning factor is the debtors turnover ratio, which is at its lowest in the last five half-yearly periods at 3.49 times. This suggests that the company’s pace of settling its debtors has slowed down.

Overall, Facor Alloys’ financial performance for the quarter ending June 2024 has not been positive. Investors should carefully consider these factors before making any decisions regarding the company’s stock.