Universal Starch Chem Allied Reports Decline in Financial Performance for Q2 2024

Universal Starch Chem Allied, a microcap company in the chemicals industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO. According to the financial report, Universal Starch has seen a negative performance in the second quarter of the fiscal year 2024-2025. The company's score has fallen from -6 to -16 in the last three months, indicating a decline in its financial health. The company's net sales for the quarter were at Rs 90.93 crore, which is a decrease of 30.6% compared to the average net sales of the previous four quarters. This shows a negative trend in the company's sales in the near term. The profit before tax less other income (PBT) for the quarter was at Rs -9.10 crore, a significant decrease of 954.5% compared to the average PBT of the previous four quarters. The company's profit after tax (PAT) also saw a decline of 674.8% compared to the average PAT of the previous four quarters. The company's operating profit to interest ratio was at its lowest in the last five quarters, indicating a deteriorating ability to manage interest payments. The operating profit (PBDIT) for the quarter was also at its lowest in the last five quarters, showing a negative trend in the company's operating profit. The operating profit margin for the quarter was at -5.73%, the lowest in the last five quarters, indicating a decline in the company's efficiency. The PBT for the quarter was also at its lowest in the last five quarters, showing a negative trend in the company's profitability. The earnings per share (EPS) for the quarter were at Rs -19.57, the lowest in the last five quarters. This indicates a decline in the company's profitability and its ability to generate earnings for its shareholders. Overall, the financial results for the quarter ending September 2024 show a negative trend for Universal Starch Chem Allied. Investors should carefully consider these factors before making any investment decisions.