Kallam Textiles Reports Decline in Financial Performance for Q2 FY25

Kallam Textiles, a microcap company in the textile industry, has recently declared its financial results for the quarter ending September 2024. According to the report released on November 12, 2024, the company has seen a significant decline in its financial performance, with a score of -30 compared to -24 in the previous quarter.

The net sales for the quarter were reported at Rs 72.38 crore, showing a decrease of 35.01% year on year. This trend is expected to continue in the near term, as the company’s sales have been consistently falling. The profit before tax less other income (PBT) for the quarter was reported at Rs -19.40 crore, a decline of 53.97% year on year. Similarly, the profit after tax (PAT) for the quarter was reported at Rs -12.94 crore, showing a decline of 62.2% year on year.

The company’s operating cash flow for the year has also been consistently falling, with the latest figure at Rs 24.02 crore. Additionally, the interest cost for the nine-month period has increased by 21.56%, indicating a rise in borrowings. The operating profit (PBDIT) for the quarter was reported at Rs -4.97 crore, the lowest in the last five quarters. This trend is expected to continue in the near term, as the company’s operating profit margin has also deteriorated to -6.87%.

The company’s profitability has also been declining, with the lowest earnings per share (EPS) reported at Rs -2.45 in the last five quarters. This indicates a decrease in earnings for shareholders. Based on these financial results, MarketsMOJO has given a ‘Strong Sell’ call for Kallam Textiles’ stock.

Investors and experts are advised to carefully consider these financials before making any investment decisions related to Kallam Textiles. The company’s performance in the near term is expected to remain negative, and it is important to note that this article is based solely on the information provided by the company and does not include any external data or sources.