Orient Electric's Q2 FY25 Financial Results Show Negative Performance, MarketsMOJO Gives 'Sell' Call
Orient Electric, a smallcap company in the consumer durables – electronics industry, has recently declared its financial results for the quarter ending September 2024. According to the data, the company has seen a negative performance in this quarter, with a score of -10 compared to -5 in the previous quarter.
The company’s Profit Before Tax (PBT) has fallen by 27.1% to Rs 10.04 crore, compared to the average PBT of the previous four quarters which was Rs 13.77 crore. This indicates a very negative trend in the near term. Similarly, the Profit After Tax (PAT) has also fallen by 24.3% to Rs 10.44 crore, compared to the average PAT of the previous four quarters which was Rs 13.79 crore.
The company’s Net Sales have also seen a decline of 7.7% to Rs 660.15 crore, compared to the average Net Sales of the previous four quarters which was Rs 715.34 crore. This shows a negative trend in the near term for the company’s sales.
Moreover, the company’s Earnings per Share (EPS) for this quarter is at its lowest in the last five quarters, at Rs 0.49. This indicates a declining profitability and lower earnings for shareholders.
Based on these financial results, MarketsMOJO has given a ‘Sell’ call for Orient Electric’s stock. It is important for investors to carefully analyze the company’s performance and make informed decisions.
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