Raw Edge Indust. Announces Q2 Financial Results, Receives 'Sell' Call from MarketsMOJO

Raw Edge Industrial Solutions, a microcap company in the mining and minerals industry, recently announced its financial results for the quarter ending September 2024. The results, declared on October 28, 2024, have received a 'Sell' call from MarketsMOJO.

According to the financial report, Raw Edge Indust. has shown a flat performance in the second quarter of the fiscal year 2024-25. However, there has been an improvement in the company's score, which has increased from -1 to 1 in the last three months.

The company's financials for the quarter have revealed some positive aspects. The Debtors Turnover Ratio for the half-yearly period is at its highest in the last five half-yearly periods, standing at 4.85 times. This indicates that Raw Edge Indust. has been able to settle its debtors at a faster rate.

Moreover, the Profit After Tax (PAT) for the nine-month period is higher at Rs 0.50 crore compared to the preceding 12-month period ending September 2024, which was at Rs -1.54 crore. This shows that the company has already surpassed its sales from the previous year in just nine months.

However, there are some areas of concern for Raw Edge Indust. as well. The Cash and Cash Equivalents for the half-yearly period is at its lowest in the last six half-yearly periods, standing at Rs 0.00 crore. This indicates a deterioration in short-term liquidity for the company.

Overall, the financial results for the quarter ending September 2024 show a mixed performance for Raw Edge Industrial Solutions. Investors are advised to carefully analyze the company's financials before making any investment decisions.