Chrome Silicon's Financial Results Show Significant Decline, Receives Sell Call from MarketsMOJO

Chrome Silicon, a microcap company in the ferro and silica manganese industry, recently announced its financial results for the quarter ending in June 2024. The results, declared on August 14, have received a "Sell" call from MarketsMOJO.

According to the financials, Chrome Silicon has seen a significant decline in its performance, with a score of -20 compared to -9 in the previous quarter. This downward trend is reflected in various aspects of the company's financials.

The net sales for the quarter have fallen by -20.00% year on year, with a total of Rs 37.23 crore. This indicates a very negative sales trend in the near term. Similarly, the profit before tax less other income (PBT) has also seen a sharp decline of -3946.97% year on year, with a total of Rs -26.71 crore. The profit after tax (PAT) has also fallen by -697.6% year on year, with a total of Rs -25.16 crore. These figures suggest a very negative trend in the near term for both PBT and PAT.

The operating profit (PBDIT) for the quarter is at its lowest in the last five quarters, with a total of Rs -24.90 crore. This indicates a negative trend in the near term for the company's operating profit. The operating profit margin has also hit its lowest point in the last five quarters, standing at -66.88%. This suggests a deterioration in the company's efficiency.

Overall, the financial results for the quarter ending in June 2024 have not been favorable for Chrome Silicon. With a "Sell" call from MarketsMOJO, it remains to be seen how the company will address these challenges and improve its performance in the future.