Orissa Bengal Carrier's Q2 Financial Report Shows Negative Performance and High Dependence on Non-Operating Income

Nov 18 2024 10:30 AM IST
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Orissa Bengal Carrier, a microcap logistics company, has reported a negative performance in the second quarter of fiscal year 2024-2025. Key areas such as PBT, PAT, and Net Sales have seen a decline, with a high dependence on non-operating income. Investors are advised to consider the 'Sell' call given by MarketsMojo.

Orissa Bengal Carrier, a microcap logistics company, 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, Orissa Bengal has seen a negative performance in the second quarter of the fiscal year 2024-2025. The company's score has fallen from -6 to -9 in the last three months.

The financials also show a decline in key areas such as Profit Before Tax (PBT), Profit After Tax (PAT), and Net Sales. PBT has fallen by 88.44% year on year, while PAT has grown by -50.35% year on year. Net Sales have also seen a decline of 18.26% year on year.

One concerning aspect highlighted in the report is the company's high dependence on non-operating income, which accounts for 82.78% of its PBT. This raises questions about the sustainability of Orissa Bengal's business model.

Overall, the financial results for the quarter ending September 2024 paint a negative picture for Orissa Bengal Carrier. Investors are advised to exercise caution and consider the 'Sell' call given by MarketsMOJO.
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