Tulsyan NEC's Q2 FY25 Financial Results Disappoint, Receives 'Strong Sell' Rating from MarketsMOJO
Tulsyan NEC, a microcap company in the steel/sponge iron/pig iron industry, recently announced its financial results for the quarter ending September 2024. The results have been declared on October 25, 2024.
According to MarketsMOJO, a leading financial analysis platform, the stock call for Tulsyan NEC is currently ‘Strong Sell’. This is based on the company’s negative financial performance in the last quarter, with a score of -7 compared to 7 in the previous quarter.
One of the major factors contributing to this decline is the decrease in net sales. The company’s net sales for the quarter were Rs 198.82 crore, which is a significant drop of -21.8% compared to the average net sales of the previous four quarters, which was Rs 254.14 crore. This trend is expected to continue in the near term.
Another concerning aspect is the company’s operating cash flow, which has been consistently falling over the last three years. In the last year, it was at its lowest at Rs 15.30 crore. This indicates that the company’s cash revenues from business operations are also declining.
In addition, the net sales for the quarter were the lowest in the last five quarters, further highlighting the negative sales trend in the near term.
Overall, Tulsyan NEC’s financial performance for the quarter ending September 2024 has been disappointing, leading to a ‘Strong Sell’ recommendation from MarketsMOJO. Investors should closely monitor the company’s future financial results to make informed decisions.
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