Negative Trends in Financial Report for Cosmo Ferrites, Receives 'Strong Sell' Rating
Cosmo Ferrites, a microcap company in the electronics-components industry, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.
According to the financial report, Cosmo Ferrites has seen a negative performance in the quarter, with a score of -11 compared to -2 in the previous quarter. This indicates a decline in the company's overall financial health.
One of the major factors contributing to this decline is the Profit After Tax (PAT), which has fallen to -317.3% at Rs -1.69 crore from an average of Rs -0.41 crore in the previous four quarters. This shows a significant decrease in the company's profitability. Additionally, the company's ability to manage interest payments has also deteriorated, with the Operating Profit to Interest ratio at its lowest in the last five quarters.
The Net Sales for the quarter have also seen a decline of -8.5% at Rs 22.37 crore compared to an average of Rs 24.44 crore in the previous four quarters. This indicates a negative trend in the company's sales performance.
Furthermore, the Operating Profit (PBDIT) for the quarter was at its lowest in the last five quarters at Rs 0.41 crore, showing a negative trend in the company's operating profit. The Operating Profit Margin has also decreased to its lowest at 1.83%, indicating a decline in the company's efficiency.
Lastly, the Earnings per Share (EPS) for the quarter was at its lowest in the last five quarters at Rs -1.40, showing a decline in the company's profitability and lower earnings for shareholders.
Overall, the financial results for the quarter ending March 2024 have not been favorable for Cosmo Ferrites. Investors are advised to take note of these negative trends and consider the 'Strong Sell' rating given by MarketsMOJO before making any investment decisions.
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