Steel Strips Infrastructures Reports Mixed Performance in Q2 2024 Financial Results.

Steel Strips Infrastructures, a microcap company in the construction and real estate industry, 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, Steel Strips Infrastructures has seen a negative performance in the second quarter of the fiscal year 2024-2025. The company's score has fallen from -6 to -8 in the last three months.

However, there are some positive aspects to the company's financials. The operating profit (PBDIT) for the quarter was the highest in the last five quarters at Rs -0.21 crore. The near-term trend for operating profit is also positive.

On the other hand, there are some areas of concern for Steel Strips Infrastructures. The profit before tax (PBT) less other income for the quarter was at Rs -0.40 crore, which is a decrease of 174.8% compared to the average PBT of the previous four quarters. The near-term trend for PBT is very negative. Similarly, the profit after tax (PAT) for the quarter was at Rs -0.40 crore, a decrease of 172.7% compared to the average PAT of the previous four quarters. The near-term trend for PAT is also very negative.

In terms of liquidity, the company's cash and cash equivalents for the half-yearly period were at its lowest at Rs 0.14 crore. This indicates a deteriorating short-term liquidity for Steel Strips Infrastructures.

Overall, the financial results for the quarter ending September 2024 show a mixed performance for Steel Strips Infrastructures. Investors should carefully consider all aspects before making any investment decisions.