JTL Industries Reports Negative Financial Results for Q3 2024, MarketsMOJO Calls for 'Sell'

JTL Industries, a smallcap company in the steel/sponge iron/pig iron industry, has recently declared its financial results for the quarter ending September 2024. The stock call for the company by MarketsMOJO is 'Sell'.

According to the financials, JTL Industries has seen a negative performance in the quarter, with a score of -12 compared to 2 in the previous quarter. However, there are some positive aspects to the company's financials. The cash and cash equivalents for the half-yearly period are at their highest in the last six periods, indicating an improvement in short-term liquidity.

On the other hand, there are also some concerning factors in the financials. The profit before tax less other income has fallen by 22.40% year on year, and the trend for near-term PBT is negative. The operating cash flow has also been consistently falling in the last three years, indicating a decline in cash revenues from business operations.

The operating profit for the quarter is at its lowest in the last five quarters, and the operating profit margin has also deteriorated. The profit after tax has fallen by 5.6% year on year, and the earnings per share are at their lowest in the last five quarters. Additionally, the company's non-operating income has increased, but it may not be sustainable in the long run.

Overall, JTL Industries has seen a negative financial performance in the quarter, and the stock call by MarketsMOJO is 'Sell'. Investors should carefully consider these factors before making any investment decisions.