Satia Industries Reports Negative Financial Performance in Q2 2024.

Satia Industries, a microcap company in the paper and paper products industry, has recently announced its financial results for the quarter ending September 2024. The stock has been given a 'Strong Sell' call by MarketsMOJO.

According to the financials, the company has seen a very negative performance in the second quarter of the fiscal year 2024-2025, with a score of -23, a significant decrease from -9 in the previous quarter.

However, there are some positive aspects to the company's financials. The debt-equity ratio for the last five half-yearly periods is at its lowest at 0.31 times, indicating that the company has been reducing its borrowing in comparison to its equity capital.

On the other hand, there are some concerning factors as well. The profit before tax less other income (PBT) for the quarter has fallen by 102% year on year, and the profit after tax (PAT) has also decreased by 74.3% year on year. The company's ability to manage interest payments has also deteriorated, with the operating profit to interest ratio at its lowest in the last five quarters.

The net sales for the quarter have also decreased, with a negative trend in the near term. The operating profit and margin have also decreased, indicating a decline in the company's efficiency. The non-operating income is also high, which is not a sustainable business model.

Moreover, the earnings per share (EPS) for the quarter are at its lowest in the last five quarters, showing a decline in profitability and lower earnings for shareholders. The debtors turnover ratio for the last five half-yearly periods has also decreased, indicating a slower pace in settling the company's debtors.

In conclusion, Satia Industries has reported a negative financial performance for the quarter ending September 2024. While there are some positive aspects, there are also concerning factors that investors should consider before making any investment decisions.