Step Two Corp. Reports Negative Performance in Q3 2024 Financial Results
Step Two Corp. has recently announced its financial results for the quarter ending September 2024. The company, which operates in the finance/NBFC industry and is classified as a microcap, has seen a negative performance in this quarter. According to MarketsMOJO, the stock call for Step Two Corp. is currently 'Strong Sell'.
The financial score for the company has fallen from 10 to -8 in the last three months, indicating a decline in performance. However, there are some positive aspects to note from the financial results. The company has shown a strong operating cash flow of Rs 3.38 crore annually, which is the highest in the last three years. This suggests that the company has generated higher cash revenues from its business operations.
On the other hand, there are some areas of concern in the financial results. The profit before tax less other income (PBT) for the quarter is at Rs -3.64 crore, which is a significant decrease of -1875.6% compared to the average PBT of the previous four quarters. This indicates a very negative trend in the near term. Similarly, the profit after tax (PAT) for the quarter is at Rs -2.41 crore, a decrease of -835.9% compared to the average PAT of the previous four quarters. The operating profit (PBDIT) for the quarter is also at its lowest in the last five quarters, indicating a negative trend in the near term.
The company's earnings per share (EPS) for the quarter is at its lowest in the last five quarters, which suggests a decline in profitability and lower earnings for shareholders. Additionally, the cash and cash equivalents for the half-yearly period are at its lowest in the last six periods, indicating a deteriorating short-term liquidity.
Overall, the financial results for Step Two Corp. in the quarter ending September 2024 have shown a negative performance. Investors should take note of the 'Strong Sell' stock call by MarketsMOJO and carefully consider the company's financials before making any investment decisions.
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