Alliance Integrated Metaliks Shows Positive Financial Performance Despite Negative Stock Call

Alliance Integrated Metaliks, a smallcap company in the iron and steel industry, has recently announced its financial results for the quarter ending March 2024. According to the report released on August 10, 2024, the stock call for Alliance Integrated Metaliks by MarketsMOJO is 'Sell'.

Despite the negative stock call, the company has shown positive financial performance in the quarter ending June 2024. In fact, the company's score has improved from 9 to 15 in the last three months.

One of the key factors contributing to this improvement is the growth in net sales, which has increased by 75.67% year on year to reach Rs 22.17 crore. This is a very positive trend for the company in the near term.

Another positive aspect is the company's ability to manage interest payments, with the operating profit to interest ratio being the highest in the last five quarters at 0.35 times.

In terms of operating profit, Alliance Integrated Metaliks has also shown a positive trend, with the highest operating profit (PBDIT) of Rs 5.49 crore in the last five quarters.

The company's profit before tax less other income (PBT) has also seen a positive trend, with the highest figure of Rs -17.43 crore in the last five quarters.

Similarly, the profit after tax (PAT) has also shown a positive trend, with the highest figure of Rs -17.39 crore in the last five quarters.

Overall, the financial results for the quarter ending March 2024 show a positive trend for Alliance Integrated Metaliks, despite the 'Sell' stock call by MarketsMOJO. Investors may want to keep an eye on the company's performance in the coming quarters to make informed decisions.