International Combustion (India) Reports Decline in Q2 Performance, Receives 'Strong Sell' Rating
International Combustion (India), a microcap engineering company, has 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, the company has seen a significant decline in its performance in the second quarter of the fiscal year 2024-2025. The overall score has fallen from -14 to -20 in the last three months.
One of the major factors contributing to this decline is the Profit Before Tax (PBT) less Other Income, which has fallen by 101.91% year on year to Rs -0.14 crore. The Profit After Tax (PAT) has also seen a decline of 95.8% year on year to Rs 0.21 crore. The company's net sales have also decreased by 12.98% year on year to Rs 63.83 crore.
The operating profit (PBDIT) for the quarter is at its lowest in the last five quarters, standing at Rs 2.72 crore. This indicates a negative trend in the company's near-term operating profit. The operating profit margin has also reached its lowest point in the last five quarters at 4.26%, indicating a decline in the company's efficiency.
The company's PBT has also reached its lowest point in the last five quarters at Rs -0.14 crore, showing a negative trend in the near term. The earnings per share (EPS) for the quarter is also at its lowest in the last five quarters at Rs 0.88, indicating a decline in profitability and lower earnings for shareholders.
Overall, the financial results for the quarter ending September 2024 have not been favorable for International Combustion (India). The company's stock has been given a 'Strong Sell' rating, indicating a negative outlook for the company's future performance. Investors and stakeholders should closely monitor the company's progress in the coming quarters.
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