Ludlow Jute Reports Negative Q2 Results, Receives 'Strong Sell' Rating from MarketsMOJO

Ludlow Jute & Specialties, a microcap textile company, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Strong Sell' call by MarketsMOJO.

According to the financial report, Ludlow Jute has seen a negative performance in the second quarter of the fiscal year 2024-2025. The company's score has improved from -30 to -19 in the last three months.

The quarterly net sales for Ludlow Jute have fallen by 37.04% year on year, standing at Rs 79.17 crore. This indicates a very negative trend in the company's sales in the near term. Similarly, the profit before tax less other income has also fallen by 43.37% year on year, standing at Rs -4.76 crore. The profit after tax has also seen a decline of 45.6% year on year, standing at Rs -3.51 crore. This shows a very negative trend in the company's profitability in the near term.

In addition, Ludlow Jute's dividend per share (DPS) for the year has been the lowest in the last five years, standing at Rs 0.00. This indicates that the company is distributing lower dividends compared to previous years. The dividend payout ratio (DPR) for the year is also at its lowest in the last five years, standing at 0.00%. This shows that the company is distributing a lower proportion of its profits as dividends.

Based on these financial results, MarketsMOJO has given a 'Strong Sell' call for Ludlow Jute's stock. Investors should carefully consider these factors before making any investment decisions.