Artson Engineering Reports Negative Financial Performance in Q2 FY25
Artson Engineering, a microcap company in the capital goods industry, recently announced its financial results for the quarter ending September 2024. The results have been declared on October 21, 2024.
According to MarketsMOJO, a leading stock market analysis platform, the stock call for Artson Engineering is ‘Sell’. The company has seen a very negative financial performance in the quarter, with its score falling from -10 to -27 in the last three months.
The financials for the quarter highlight some concerning trends for Artson Engineering. The net sales for the quarter were at Rs 19.51 crore, which is a significant decrease of 29.8% compared to the average net sales of the previous four quarters, which stood at Rs 27.80 crore. This indicates a very negative sales trend in the near term.
The company’s operating profit to interest ratio for the quarter was at its lowest at -0.74 times, and it has been falling each quarter in the last five quarters. This suggests that the company’s ability to manage interest payments is deteriorating.
The profit before tax less other income (PBT) for the quarter was at Rs -4.40 crore, which is a decrease of 19655.6% compared to the average PBT of the previous four quarters, which was at Rs 0.02 crore. This indicates a very negative trend in the near term for PBT.
Similarly, the profit after tax (PAT) for the quarter was at Rs -3.00 crore, which is a decrease of 364.9% compared to the average PAT of the previous four quarters, which was at Rs 1.13 crore. This also indicates a very negative trend in the near term for PAT.
The operating profit (PBDIT) for the quarter was at its lowest at Rs -1.60 crore, and it has been falling each quarter in the last five quarters. This suggests a negative trend in the near term for operating profit.
The company’s operating profit margin for the quarter was at its lowest at -8.20%, indicating a deterioration in efficiency. Additionally, the earnings per share (EPS) for the quarter were at its lowest at Rs -0.81, indicating declining profitability and lower earnings for shareholders.
Overall, the financial results for the quarter ending September 2024 have not been favorable for Artson Engineering. The company has seen a decline in sales, profitability, and efficiency, which may be a cause for concern for investors.
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