Poojawestern Metaliks Reports Negative Financial Performance in Q1 FY25

Aug 13 2024 09:46 PM IST
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Poojawestern Metaliks, a microcap company in the non-ferrous metal industry, reported a negative financial performance for the quarter ending March 2024. The company's net sales and operating profit were at their lowest in the last five quarters, leading to a decline in earnings per share. Investors are advised to carefully evaluate the company's financial situation before making any investment decisions.

Poojawestern Metaliks, a microcap company in the non-ferrous metal industry, recently announced its financial results for the quarter ending March 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.

According to the financial report, Poojawestern Metaliks has seen a negative performance in the quarter, with a score of -7 compared to 9 in the previous quarter. This decline can be attributed to various factors, including a significant decrease in net sales by 58.58% year on year. The company’s net sales for the quarter were at Rs 6.28 crore, the lowest in the last five quarters.


The operating profit (PBDIT) for the quarter was also at its lowest in the last five quarters, at Rs 0.66 crore. Similarly, the profit before tax (PBT) less other income was also at its lowest in the last five quarters, at Rs 0.10 crore. This indicates a negative trend in the company’s near-term financial performance.


Furthermore, the earnings per share (EPS) for the quarter were at its lowest in the last five quarters, at Rs 0.29. This decline in profitability is a cause for concern for shareholders.


Overall, Poojawestern Metaliks has shown a negative financial performance in the quarter ending March 2024. Investors are advised to carefully consider these factors before making any investment decisions.


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