RRIL Reports Negative Financial Results for Q1 FY25, Receives 'Strong Sell' Rating
RRIL, a microcap trading company, has recently announced its financial results for the quarter ending March 2024. The results have been declared on August 13, 2024, and have received a ‘Strong Sell’ rating from MarketsMOJO.
According to the financial report, RRIL has seen a negative performance in the quarter, with a score of -19 compared to -14 in the previous quarter. However, there are some positive aspects to the company’s financials, such as a high Debtors Turnover Ratio of 9.91 times in the last five half-yearly periods. This indicates that the company has been able to settle its debtors faster.
On the other hand, there are also some concerning factors in RRIL’s financials. The net sales for the quarter have fallen by -32.9% compared to the average net sales of the previous four quarters. This shows a negative trend in the company’s sales in the near term. Similarly, the Profit After Tax (PAT) for the half-yearly period has also decreased by -60.73% year on year, indicating a negative trend in the company’s profitability.
The company’s operating profit and profit before tax have also seen a decline in the last five quarters, with the lowest figures recorded in the current quarter. This has resulted in a decrease in the company’s earnings per share, indicating a decline in profitability and lower earnings for shareholders.
Overall, RRIL’s financial performance for the quarter ending March 2024 has been negative, with some concerning trends in sales and profitability. Investors should carefully consider these factors before making any investment decisions.
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