Sarthak Metals' Financial Report Shows Decline in Performance, Receives 'Sell' Rating

Sarthak Metals, a microcap company in the ferrous metal industry, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Sarthak Metals has seen a significant decline in its performance, with a score of -23 compared to -15 in the previous quarter. This is a cause for concern for investors and stakeholders.

One of the major factors contributing to this negative performance is the decrease in net sales, which have fallen by 50.35% year on year. This trend is expected to continue in the near term. Additionally, the company's profit before tax has also seen a sharp decline of 86.16% year on year, indicating a negative trend in the near future.

Furthermore, the half-yearly profit after tax has also decreased by 71.88% year on year, further highlighting the company's poor financial performance. In the last five quarters, the net sales have consistently decreased, with the current quarter recording the lowest at Rs 40.61 crore.

The operating profit for the quarter is also at its lowest in the last five quarters, at Rs 1.61 crore. Similarly, the profit before tax has also hit a low of Rs 0.97 crore in the last five quarters. This decline in profitability has resulted in a decrease in earnings per share, which is currently at its lowest in the last five quarters at Rs 1.10.

Overall, the financial results for the quarter ending March 2024 for Sarthak Metals have been disappointing, with a negative trend in various key areas. This may be a cause for concern for investors and stakeholders, as the company's stock has been given a 'Sell' call by MarketsMOJO.