Sarthak Metals Reports Decline in Sales and Profit, Receives 'Strong Sell' Rating
Sarthak Metals, a microcap company in the ferrous metal industry, has reported a negative performance in the second quarter of fiscal year 2024-2025. The company's net sales, PBT, and PAT have all declined significantly, leading to a 'Strong Sell' rating by MarketsMojo. The EPS for the quarter is also at its lowest in the last five quarters.
Sarthak Metals, a microcap company in the ferrous metal 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, Sarthak Metals has seen a very negative performance in the second quarter of the fiscal year 2024-2025. The company's score has improved slightly from -24 to -20 in the last three months.
The main areas of concern for Sarthak Metals, based on the September 2024 financials, are the decline in net sales, profit before tax (PBT), and profit after tax (PAT). The net sales for the quarter have fallen by -40.95% year on year, indicating a very negative trend in the company's sales. Similarly, the PBT has also fallen by -82.91% year on year, and the PAT has grown by -79.47% year on year. This shows a declining trend in the company's profitability.
Moreover, the earnings per share (EPS) for the quarter are at its lowest in the last five quarters, at Rs 0.65. This indicates that the company has created lower earnings for its shareholders.
Overall, the financial results for the quarter ending September 2024 do not paint a positive picture for Sarthak Metals. Investors should take note of the 'Strong Sell' rating given by MarketsMOJO and carefully consider their investment decisions.
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