Rudra Global's Q2 FY25 financial results show decline in PAT and net sales

Rudra Global Infra Products, a microcap company in the steel/sponge iron/pig iron industry, recently announced its financial results for the quarter ending September 2024. The results, declared on November 14, 2024, have received a ‘Sell’ call from MarketsMOJO.

According to the financial report, Rudra Global has seen a negative performance in the second quarter of FY24-25. The company’s score has fallen from -7 to -10 in the last three months, indicating a decline in its financial health.

One of the major factors contributing to this decline is the company’s Profit After Tax (PAT), which has fallen by 36.4% year on year to Rs 4.92 crore. The net sales have also seen a decline of 13.44% year on year, standing at Rs 116.95 crore. The Profit Before Tax less Other Income (PBT) has also fallen by 17.45% year on year to Rs 6.53 crore.

Moreover, the net sales for the quarter are the lowest in the last five quarters, indicating a negative trend in the company’s sales performance. This has led to a negative outlook for Rudra Global in the near term.

While the company has not received any recommendations from experts or investors, the financial results speak for themselves. With a decline in both PAT and net sales, Rudra Global will need to take necessary steps to improve its financial performance in the upcoming quarters.