JSL Industries' Financial Report Shows Decline in Q2 Performance, Receives 'Hold' Call from MarketsMOJO.

This is not a good sign for the company's financial health.
JSL Industries, a microcap company in the capital goods industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, JSL Industries has seen a flat performance in the second quarter of the fiscal year 2024-2025. The company's score has fallen from 9 to -3 in the last three months, indicating a decline in its financial health.

The quarterly Profit After Tax (PAT) has also decreased by 22.5% to Rs 1.60 crore compared to the average PAT of the previous four quarters, which was Rs 2.07 crore. This downward trend in PAT is a cause for concern in the near term.

Similarly, the quarterly Net Sales have also fallen by 7.1% to Rs 12.25 crore compared to the average Net Sales of the previous four quarters, which was Rs 13.18 crore. This indicates a negative trend in the company's sales performance.

Moreover, the company's Non Operating Income is 71.20% of the Profit Before Tax (PBT), which suggests that a significant portion of its income is coming from non-business activities. This is not a sustainable business model and could have a negative impact on the company's financial stability.

In addition, JSL Industries has the lowest Debtors Turnover Ratio of 8.54 times in the last five half-yearly periods. This means that the company's pace of settling its debtors has slowed down, which is not a positive sign for its financial health.

Overall, JSL Industries' financial performance for the quarter ending September 2024 has been lackluster. With a 'Hold' call from MarketsMOJO, investors may want to closely monitor the company's future financial reports before making any investment decisions.