Wardwizard Innovations & Mobility Reports Negative Financial Results, Receives 'Strong Sell' Rating

Wardwizard Innovations & Mobility, a smallcap company in the automobile two and three wheeler industry, recently announced its financial results for the quarter ending September 2024. The stock has been given a 'Strong Sell' call by MarketsMOJO. According to the financial report, the company has seen a very negative performance in the quarter, with a score of -24 compared to 0 in the previous quarter. This decline can be attributed to several factors. Firstly, the net sales for the quarter were at Rs 58.18 crore, which is a significant decrease of 30.5% compared to the average net sales of the previous four quarters at Rs 83.74 crore. This indicates a very negative trend in sales in the near term. Secondly, the profit before tax (PBT) less other income for the quarter was at Rs -7.10 crore, a decrease of 237.6% compared to the average PBT of the previous four quarters at Rs 5.16 crore. This shows a very negative trend in PBT in the near term. The company also saw a decline in profit after tax (PAT) for the quarter, with a decrease of 275.6% compared to the average PAT of the previous four quarters at Rs 3.54 crore. Additionally, the interest cost for the quarter has increased by 31.60% compared to the previous quarter, indicating increased borrowings. The company's ability to manage interest payments has also deteriorated, with the operating profit to interest ratio being at its lowest in the last five quarters. The operating profit margin for the quarter was also at its lowest, indicating a decline in efficiency. Overall, the company's financial performance for the quarter has been very negative, with a decline in sales, PBT, PAT, and efficiency. This has resulted in a 'Strong Sell' call by MarketsMOJO and a decrease in earnings per share for shareholders.