Magadh Sugar Reports Decline in Key Financial Areas, Receives 'Sell' Rating

Magadh Sugar & Energy, 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.

According to the financial report, Magadh Sugar has seen a very negative performance in the second quarter of the fiscal year 2024-2025. The company's score has fallen from -15 to -23 in the last three months.

The financials for the quarter show a decline in key areas such as Profit Before Tax (PBT), Profit After Tax (PAT), and Operating Cash Flow. PBT has fallen by 66.32% year on year, while PAT has fallen by 64.4% year on year. The company's operating cash flow has also decreased each year in the last three years.

One of the major concerns for Magadh Sugar is its rising interest cost, which has grown by 39.96% over the previous half-yearly period. This signifies increased borrowings for the company.

The company's operating profit (PBDIT) for the quarter is at its lowest in the last five quarters, and the operating profit margin has also decreased to its lowest at 6.44%. This indicates a decline in the company's efficiency.

Furthermore, the company's earnings per share (EPS) for the quarter are at its lowest in the last five quarters, showing a decline in profitability and lower earnings for shareholders.

Overall, Magadh Sugar's financial performance for the quarter ending September 2024 has been very negative, and the company's stock has been given a 'Sell' call by MarketsMOJO.