Welspun Specialty Solutions Announces Mixed Financial Results for Q1 FY25
Welspun Specialty Solutions, a smallcap company in the iron and steel industry, recently announced its financial results for the quarter ending June 2024. According to MarketsMOJO, the stock call for Welspun Specialty Solutions is ‘Sell’.
The company’s financial performance for the quarter has been flat, with a score of -1 compared to 20 in the previous 3 months. However, there are some positive aspects to the company’s performance based on the June 2024 financials.
Welspun Specialty Solutions has shown a strong inventory turnover ratio, with the highest at 2.59 times in the last five half yearly periods. This indicates that the company has been able to sell its inventory at a faster rate. Additionally, the company has also been able to reduce its debt-to-equity ratio, with the lowest at 2.79 times in the last five half yearly periods.
On the other hand, there are some areas of concern for Welspun Specialty Solutions based on the June 2024 financials. The company’s profit before tax (PBT) has fallen by -287.6% compared to the average PBT of the previous four quarters. The profit after tax (PAT) has also seen a decline of -87.5% compared to the average PAT of the previous four quarters. The company’s interest cost has also increased by 43.38% quarter on quarter, indicating increased borrowings.
Moreover, the company’s operating profit to interest ratio is at its lowest in the last five quarters, indicating a deteriorating ability to manage interest payments. The net sales for the quarter have also seen a decline of -6.9% compared to the average net sales of the previous four quarters. The company’s non-operating income is also high, at 228.08% of the PBT, which may not be a sustainable business model.
In conclusion, Welspun Specialty Solutions has shown some positive aspects in its financial performance, but there are also areas of concern that investors should take note of. The company’s stock call is ‘Sell’ according to MarketsMOJO, and the near term trends for PBT and PAT are negative.
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