RR Metalmakers India Reports Negative Financial Performance in Q2 2024, Receives 'Strong Sell' Call

Nov 16 2024 04:39 PM IST
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RR Metalmakers India, a microcap trading company, has reported a negative financial performance in the second quarter of fiscal year 2024-25. Net sales have declined by 41.1% and operating profit and profit before tax have also taken a hit. MarketsMojo has given a 'Strong Sell' call, indicating a negative trend in the near term.

RR Metalmakers India, a microcap trading company, recently announced its financial results for the quarter ending September 2024. The results, declared on November 14, 2024, have received a 'Strong Sell' call from MarketsMOJO.

The company has seen a negative financial performance in the second quarter of the fiscal year 2024-25, with a score of -10 compared to -6 in the previous three months. This decline can be attributed to various factors, as seen in the Sep 2024 financials.

One of the major concerns for RR Metalmakers is the decline in net sales, which have fallen by 41.1% to Rs 11.04 crore from an average of Rs 18.76 crore in the previous four quarters. This is the lowest net sales in the last five quarters, indicating a very negative trend in the near term.

The company's operating profit (PBDIT) has also taken a hit, with the lowest figure of Rs 0.85 crore in the last five quarters. This shows a negative trend in the near term for operating profit.

Similarly, the profit before tax (PBT) less other income has also seen a decline, with the lowest figure of Rs 0.13 crore in the last five quarters. This indicates a negative trend in the near term for PBT.

Overall, the financial results for the quarter ending September 2024 have not been favorable for RR Metalmakers India. Investors are advised to take note of the 'Strong Sell' call by MarketsMOJO and make informed decisions.
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