Shriram AMC's Q2 Financial Report Shows Negative Performance, Receives 'Strong Sell' Rating

Shriram Asset Management Co, a microcap finance company, has 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, Shriram AMC has seen a negative performance in the second quarter of the fiscal year 2024-2025. The company's score has fallen from 1 to -9 in the last three months.

The main factors contributing to this decline are the decrease in Profit Before Tax (PBT) and Profit After Tax (PAT). The PBT has fallen by 77.2% to Rs -3.69 crore, while the PAT has fallen by 70.4% to Rs -3.63 crore, compared to the average of the previous four quarters. This trend is expected to continue in the near term.

The company's Operating Profit (PBDIT) has also seen a decline, reaching its lowest point of Rs -3.48 crore in the last five quarters. Similarly, the PBT has also reached its lowest point of Rs -3.69 crore in the last five quarters.

The company's Earnings per Share (EPS) has also decreased to its lowest point of Rs -2.79 in the last five quarters. This indicates a decline in profitability and lower earnings for shareholders.

Based on these financial results, MarketsMOJO has given a 'Strong Sell' rating for Shriram AMC's stock. Investors are advised to carefully consider these factors before making any investment decisions.