Prakash Steelage's Q1 FY25 Financial Results Show Negative Trends, Receives 'Sell' Call from MarketsMOJO

Prakash Steelage, a microcap trading company, has recently declared its financial results for the quarter ending March 2024. The company has received a ‘Sell’ call from MarketsMOJO, indicating a negative outlook for its stock.

According to the financial report, Prakash Steelage has seen a decline in its net sales by 36.6% compared to the previous four quarters. This has resulted in a negative trend for the company’s near term sales. Additionally, the profit after tax (PAT) for the first half of the year has also decreased by 29.65% year on year, indicating a negative trend for the near future.

The company’s operating profit (PBDIT) for the quarter has also seen a significant decline, with the lowest figure in the last five quarters. This has resulted in a negative trend for the near term operating profit. The operating profit margin has also decreased to -3.40%, indicating a deterioration in the company’s efficiency.

Furthermore, the profit before tax (PBT) for the quarter has also seen a decline, with the lowest figure in the last five quarters. This has resulted in a negative trend for the near term PBT. The earnings per share (EPS) for the quarter have also decreased, indicating a decline in profitability and lower earnings for shareholders.

Overall, Prakash Steelage’s financial performance for the quarter ending March 2024 has been negative, with a decline in net sales, operating profit, and profitability. This has resulted in a ‘Sell’ call from MarketsMOJO, suggesting a cautious approach for investors.