Khaitan (India) sees decline in net sales and PAT, raises concerns for investors

Nov 18 2024 12:52 PM IST
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Khaitan (India) has announced its financial results for the quarter ending September 2024, with a decline in overall score and net sales and profit after tax. This may raise concerns for investors and they should carefully consider these factors before making any investment decisions.

Khaitan (India), a microcap company in the sugar industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

Despite a positive financial performance in Q2 FY24-25, Khaitan (India) has seen a decline in its overall score, falling from 19 to 12 in the last 3 months. This indicates some areas of concern for the company.

One of the main factors contributing to this decline is the decrease in net sales for the quarter. At Rs 14.77 crore, the net sales have fallen by 7.7% compared to the average net sales of the previous four quarters, which stood at Rs 16.01 crore. This suggests a negative trend in the company's sales in the near term.

Similarly, the profit after tax (PAT) for the quarter has also seen a decline of 8.9% compared to the average PAT of the previous four quarters, which was Rs 0.76 crore. This indicates a negative trend in the company's profitability in the near term.

While Khaitan (India) has shown positive financial performance in the quarter, the decline in net sales and PAT raises some concerns for the company. Investors should carefully consider these factors before making any investment decisions.
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