Raw Edge Industrial Solutions Announces Q1 FY25 Financial Results: Mixed Performance and Concerning Factors

Raw Edge Industrial Solutions, a microcap company in the mining and minerals industry, has recently announced its financial results for the quarter ending June 2024. The results, declared on August 10, 2024, have received a ‘Strong Sell’ call from MarketsMOJO.

According to the financials, Raw Edge Indust. has experienced a flat performance in the quarter, with a score of -1 compared to 6 in the previous 3 months. However, there are some positive aspects to the company’s performance. The Profit After Tax (PAT) for the half-yearly period is higher at Rs 0.45 crore, surpassing the previous 12-month period ending June 2024 of Rs -1.54 crore. This indicates a significant improvement in profitability for the company.

On the other hand, there are also some concerning factors in the financials. The Inventory Turnover Ratio for the half-yearly period is at its lowest of 3.25 times, showing a decline in the company’s pace of selling inventory. Additionally, the Net Sales for the quarter have fallen by -9.8% compared to the average of the previous four quarters, indicating a negative trend in sales.

Furthermore, the company’s Cash and Cash Equivalents for the half-yearly period are at its lowest of Rs 0.00 crore in the last six half-yearly periods, suggesting a deterioration in short-term liquidity.

Overall, Raw Edge Industrial Solutions has shown mixed results in its financial performance for the quarter ending June 2024. Investors should carefully consider these factors before making any investment decisions.