Negative Performance and Declining Sales: Cosmo Ferrites' Q2 Financial Results Revealed

Cosmo Ferrites, a microcap company in the electronics components industry, has recently announced its financial results for the quarter ending September 2024. The results have been declared on October 30, 2024.

According to the financial data, the company has seen a negative performance in the second quarter of the fiscal year 2024-2025. However, there has been a slight improvement in the overall score, which has gone from -11 to -7 in the last three months.

The net sales for the quarter have been the lowest in the last five quarters, standing at Rs 21.20 crore. This indicates a negative trend in the near term for the company's sales. Additionally, the net sales have fallen by 9% compared to the average net sales of the previous four quarters, which were at Rs 23.29 crore.

The earnings per share (EPS) for the quarter have also been the lowest in the last five quarters, at Rs -1.64. This shows a decline in profitability and a lower return for shareholders.

The company's cash and cash equivalents for the half-yearly period have also been the lowest in the last six periods, at Rs 4.22 crore. This indicates a deteriorating short-term liquidity situation for the company.

Moreover, the debt-equity ratio for the half-yearly period has been the highest in the last five periods, at 2.73 times. This suggests that the company is borrowing more to fund its operations, which may lead to a stressed liquidity situation.

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