Salasar Techno Engineering Reports Negative Performance in Q2 FY25

Oct 22 2024 03:32 PM IST
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Salasar Techno Engineering, a smallcap company in the industrial equipment engineering industry, reported a negative performance in the quarter ending September 2024. The company's score has fallen from 0 to -6, with a decline in operating profit to interest ratio and profit before tax. MarketsMojo has given a 'Sell' call for the stock.

Salasar Techno Engineering, a smallcap company in the industrial equipment engineering industry, recently announced its financial results for the quarter ending September 2024. According to the data released on October 22, 2024, the company has seen a negative performance in this quarter.


The company’s score has fallen from 0 to -6 in the last three months, indicating a decline in its financial performance. One of the major concerns for Salasar Techno is its operating profit to interest ratio, which is at its lowest in the last five quarters at 2.16 times. This suggests that the company’s ability to manage interest payments is deteriorating.


Moreover, the profit before tax (PBT) less other income has also fallen by -10.90% year on year, standing at Rs 10.71 crore. This trend is expected to continue in the near term. Additionally, the company’s PBT has also hit its lowest point in the last five quarters, further highlighting the negative trend in its financial performance.


The earnings per share (EPS) for Salasar Techno in this quarter is at its lowest in the last five quarters at Rs 0.06. This indicates a decline in profitability and lower earnings for shareholders. Based on these financial results, MarketsMOJO has given a ‘Sell’ call for the company’s stock.


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