Kanoria Energy & Infrastructure Reports Negative Performance in Q2, Receives 'Sell' Rating

Nov 09 2024 04:47 PM IST
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Kanoria Energy & Infrastructure, a microcap cement company, reported a negative performance in the second quarter of fiscal year 2024-2025. Its Profit After Tax has decreased by 66.1% and Net Sales have fallen by 19.65%. MarketsMojo has given a 'Sell' call for the company's stock, suggesting caution for investors.

Kanoria Energy & Infrastructure, a microcap company in the cement industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Kanoria Energy has seen a negative performance in the second quarter of the fiscal year 2024-2025. The company's score has fallen from -11 to -13 in the last three months, indicating a decline in its financial health.

One of the major factors contributing to this negative performance is the company's Profit After Tax (PAT), which has fallen by 66.1% year on year to Rs 0.39 crore. This is a significant decrease and the near-term trend for PAT is also negative.

Another concerning aspect is the company's Net Sales, which have fallen by 19.65% year on year to Rs 52.75 crore. This is the lowest net sales in the last five quarters and the near-term trend for sales is also negative.

Overall, the financial results for the quarter ending September 2024 have not been favorable for Kanoria Energy. The company's stock has been given a 'Sell' call by MarketsMOJO, indicating that investors should be cautious when considering this stock.
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