Purshottam Investofin's Q2 financials show significant decline, MarketsMOJO gives 'Sell' call

Purshottam Investofin, a microcap finance 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, Purshottam Investofin has experienced a negative performance in the second quarter of the fiscal year 2024-2025. The company's score has dropped from 11 to -6 in the last three months.

The main factors contributing to this decline are the decrease in net sales and profit after tax (PAT). The net sales for the quarter were Rs 11.36 crore, which is a significant decrease of 44% compared to the average net sales of the previous four quarters, which was Rs 20.29 crore. This indicates a very negative trend in the company's sales in the near term.

Similarly, the PAT for the quarter was Rs 1.22 crore, which is a decrease of 53% compared to the average PAT of the previous four quarters, which was Rs 2.60 crore. This also shows a very negative trend in the company's profits in the near term.

Moreover, the net sales for the quarter were the lowest in the last five quarters, further highlighting the negative trend in the company's sales. Based on these financials, MarketsMOJO has given a 'Sell' call for Purshottam Investofin's stock.

Investors and stakeholders of Purshottam Investofin should take note of these financial results and consider them while making any investment decisions. The company's performance in the near term may be affected by these negative trends, and it is advisable to monitor the company's financials closely.