Mac Charles (India) Reports Negative Financial Results for Q2 2024-2025

Nov 14 2024 09:11 PM IST
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Mac Charles (India) has reported negative financial results for the second quarter of fiscal year 2024-2025, with a decline in key areas such as Profit Before Tax (PBT), net sales, and Profit After Tax (PAT). This has led to a 'Strong Sell' call from MarketsMojo and a decrease in shareholder earnings.

Mac Charles (India) has recently released its financial results for the quarter ending September 2024. The company, which operates in the hotel, resort, and restaurant industry, has been classified as a microcap company. According to the financial report, the company's performance in the second quarter of the fiscal year 2024-2025 has been negative, with a score of -13 compared to -10 in the previous quarter.

One of the major factors contributing to this decline is the company's Profit Before Tax (PBT) less Other Income, which has fallen by 58.30% year on year to Rs -27.67 crore. This trend is expected to continue in the near term. Additionally, the company's net sales for the first half of the fiscal year have also decreased by 21.77% year on year to Rs 5.14 crore, indicating a negative sales trend.

Furthermore, Mac Charles (India) has also reported a decline in its Profit After Tax (PAT) for the first half of the fiscal year, which has fallen by 21.77% year on year to Rs -46.75 crore. This trend is also expected to continue in the near term. The company's operating cash flow for the past year has also been at its lowest, with only Rs -20.65 crore in cash revenues from business operations.

In the last five quarters, Mac Charles (India) has recorded its lowest PBT less Other Income at Rs -27.67 crore, indicating a negative trend in the company's profitability. The company's Earnings per Share (EPS) have also decreased to its lowest at Rs -18.21 in the last five quarters, showing a decline in shareholder earnings.

Based on these financial results, MarketsMOJO has given a 'Strong Sell' call for Mac Charles (India) stock. The company's financial performance in the recent quarter has been concerning, with negative trends in key areas such as PBT, net sales, and PAT. Investors are advised to carefully consider these factors before making any investment decisions.
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