KIC Metaliks Reports Negative Financial Results for Q1 FY25

KIC Metaliks, a microcap trading company, recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Strong Sell’ call by MarketsMOJO.

According to the financial report, KIC Metaliks has seen a negative performance in the quarter, with a score of -10, which is an improvement from the previous quarter’s score of -13. This indicates that the company’s financials have not been performing well in the last three months.

One of the major factors contributing to this negative performance is the decline in net sales, which has fallen by 22.03% year on year, standing at Rs 178.97 crore. This is the lowest net sales figure in the last five quarters, indicating a negative trend in the company’s sales.

The company’s profit before tax (PBT) has also taken a hit, falling by 63.58% year on year, standing at Rs 0.63 crore. This is a concerning trend for investors, as it shows a decline in the company’s profitability.

Similarly, the profit after tax (PAT) has also seen a decline of 47.5% year on year, standing at Rs 0.85 crore. This is another negative trend for the company, indicating a decrease in its overall profitability.

Overall, KIC Metaliks’ financial performance for the quarter ending June 2024 has been disappointing, with negative trends in net sales, PBT, and PAT. Investors should take note of these figures and consider them before making any investment decisions.