Steel Exchange India Reports Positive Performance in Q2 FY25, PAT Sees Significant Growth
Steel Exchange India, a smallcap company in the steel industry, has recently announced its financial results for the quarter ending September 2024. The company’s stock has been given a ‘Strong Sell’ call by MarketsMOJO.
According to the financial report, Steel Exchange has shown positive performance in the quarter, with a score of 8 out of 10. This is a slight decrease from the previous quarter’s score of 9. The company’s Profit After Tax (PAT) for the half-yearly period has seen a significant growth of 158.37% compared to the same period last year. This indicates a positive trend for the company’s profitability.
However, the company’s Net Sales for the quarter have fallen by -5.4% compared to the average of the previous four quarters. This decline in sales may be a cause for concern in the near term.
Despite the mixed financial results, Steel Exchange remains a key player in the steel industry. The company has a strong track record and has been consistently delivering positive results. Investors should keep an eye on the company’s performance in the coming quarters to make informed decisions.
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