SAB Industries Reports Negative Financial Results for Q2 2024, Cash Reserves Improve
SAB Industries, a microcap company in construction and real estate, reported a negative performance in the second quarter of fiscal year 2024-2025. The company's cash and cash equivalents have improved, but interest expenses have increased by 180%. Net sales and profits have also seen a significant decline. Investors should carefully evaluate before investing.
SAB Industries, a microcap company in the construction and real estate industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.
According to the financial report, SAB Industries has seen a negative performance in the second quarter of the fiscal year 2024-2025. The company's score has dropped from 1 to -8 in the last three months.
However, there are some positive aspects in the company's financials. SAB Industries has the highest cash and cash equivalents of Rs 18.82 crore in the last six half-yearly periods, indicating an improvement in short-term liquidity.
On the other hand, there are some areas that need improvement. The company's interest expenses have increased by 180% in the last nine months, indicating a rise in borrowings. Additionally, the net sales for the quarter have fallen by 35.1% compared to the average net sales of the previous four quarters. This suggests a negative trend in near-term sales.
The company's profit before tax less other income (PBT) for the quarter has also seen a significant decline of 157.3% compared to the average PBT of the previous four quarters. Similarly, the profit after tax (PAT) for the quarter has fallen by 115.9% compared to the average PAT of the previous four quarters.
Overall, SAB Industries' financial performance for the quarter ending September 2024 has been negative. Investors should carefully consider these factors before making any investment decisions.
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