Shri Bajrang Alliance's Q3 2024 Results Show Mixed Performance, Investors Advised to Analyze Carefully
Shri Bajrang Alliance, a microcap company in the steel/sponge iron/pig iron industry, recently announced its financial results for the quarter ending September 2024. The results, declared on November 12, 2024, have received a 'Strong Sell' rating from MarketsMOJO.
The company's performance for the quarter has been negative, with a score of -6, showing a slight improvement from the previous quarter's score of -8. However, there are some positive aspects to the financials. The operating profit margin for the quarter was the highest in the last five quarters, at 1.27%, indicating an improvement in the company's efficiency.
On the other hand, there are also some concerning factors in the financials. The net sales for the quarter were at Rs 80.21 crore, a significant decrease of -41.6% compared to the average net sales of the previous four quarters, which were at Rs 137.35 crore. This indicates a negative trend in the company's sales in the near term.
Additionally, the profit after tax (PAT) for the half-yearly period was at Rs 14.47 crore, showing a decline of -25.57% year on year. This also reflects a negative trend in the company's PAT in the near term.
Overall, Shri Bajrang Alliance's financial performance for the quarter ending September 2024 has been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.
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