IKIO Lighting's Q2 Financial Performance Shows Mixed Results, MarketsMOJO Issues 'Sell' Call

Despite a negative financial performance in the quarter ending Jun 2024, IKIO Lighting has shown some positive signs in its net sales. The company's net sales for the quarter were the highest in the last five quarters, indicating a positive trend in the near term. However, the company's profit after tax (PAT) has fallen by 18.3% compared to the average of the previous four quarters. This is a cause for concern as the near term trend for PAT is very negative.

The company's operating profit (PBDIT) for the quarter was also the lowest in the last five quarters, with a negative trend in the near term. The operating profit margin has also decreased, indicating a decline in the company's efficiency. Additionally, the profit before tax (PBT) for the quarter was the lowest in the last five quarters, with a negative trend in the near term.

It is worth noting that the company's non-operating income is 36.55% of its PBT, which is a high percentage. This suggests that the company's income from non-business activities is significant, which may not be a sustainable business model in the long run.

Based on these financial results, MarketsMOJO has given a 'Sell' call for IKIO Lighting's stock. Investors should carefully consider these factors before making any investment decisions.