Spel Semiconductor's Financial Report Shows Negative Performance, Receives 'Strong Sell' Rating

Spel Semiconductor, a microcap IT hardware company, 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, Spel Semiconductor has seen a negative performance in the second quarter of the fiscal year 2024-2025. The company's score has fallen from -5 to -8 in the last three months.

One of the major factors contributing to this decline is the net sales, which have decreased by 48.61% year on year, standing at Rs 5.90 crore. The near-term sales trend for the company is also negative.

Similarly, the company's profit after tax (PAT) has also decreased by 48.61% year on year, with a loss of Rs -6.41 crore. The near-term trend for PAT is also negative.

In terms of operating profit, Spel Semiconductor has recorded its lowest figure in the last five quarters, standing at Rs -1.36 crore. The near-term trend for operating profit is also negative.

The company's profit before tax (PBT) less other income has also seen a decline, with the lowest figure of Rs -2.79 crore in the last five quarters. The near-term trend for PBT is also negative.

Based on these financial results, MarketsMOJO has given a 'Strong Sell' rating for Spel Semiconductor's stock. The company will need to address these negative trends in order to improve its financial performance in the future.