Ruby Mills' Financial Performance Declines, Receives 'Strong Sell' Rating from MarketsMOJO

Despite being a well-established textile company, Ruby Mills has recently faced a decline in its financial performance for the quarter ending September 2024. The company's stock has been given a 'Strong Sell' call by MarketsMOJO, indicating a negative outlook for investors.

According to the financial results declared on November 13, 2024, Ruby Mills has seen a significant decrease in its profit before tax (PBT) and profit after tax (PAT) by 90.6% and 75.7% respectively, compared to the average of the previous four quarters. The net sales have also fallen by 10.9% in the same period, indicating a negative trend in the company's sales.

Furthermore, the company's operating cash flow has been at its lowest in the last three years, and the operating profit (PBDIT) has also decreased in the last five quarters. The operating profit margin has also hit a low of 9.61%, indicating a decline in the company's efficiency.

One of the major concerns for Ruby Mills is its non-operating income, which is 70.61% of its PBT. This means that a significant portion of the company's income is coming from non-business activities, which is not a sustainable business model.

The earnings per share (EPS) for the quarter have also decreased, indicating a decline in profitability and lower returns for shareholders. Overall, the financial results for the quarter ending September 2024 have not been favorable for Ruby Mills, and the company's stock has been given a 'Strong Sell' call by MarketsMOJO.