Inditrade Capital's Q2 Financial Results Show Significant Decline, Receives 'Strong Sell' Rating

Inditrade Capital, a microcap finance company, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.

According to the financial report, Inditrade Capital has seen a significant decline in its performance in the second quarter of the fiscal year 2024-2025. The company's score has fallen from 6 to -20 in the last three months.

The key factors contributing to this decline are the decrease in net sales, profit before tax, and profit after tax. Net sales for the quarter were at Rs 21.57 crore, showing a decline of 46.83% year on year. The company's profit before tax less other income (PBT) has also fallen by 331.90% year on year, with a negative trend in the near term. Similarly, the profit after tax (PAT) has also shown a decline of 376.5% year on year.

In addition, the company's operating profit (PBDIT) and operating profit margin have reached their lowest levels in the last five quarters, at Rs -7.29 crore and -33.80%, respectively. This indicates a deterioration in the company's efficiency. The PBT has also reached its lowest level in the last five quarters, at Rs -12.05 crore, with a negative trend in the near term. The earnings per share (EPS) have also declined to Rs -0.70, creating lower earnings for shareholders.

Overall, the financial results for the quarter ending September 2024 have been disappointing for Inditrade Capital. The company's stock has been given a 'Strong Sell' rating, indicating a negative outlook for the company's future performance.