Facor Alloys Reports Negative Financial Results for Q4 2023, Stock Call: Strong Sell

Facor Alloys, a microcap company in the ferro and silica manganese industry, recently announced its financial results for the quarter ending December 2023. The results have been declared on February 14, 2024.

According to MarketsMOJO, a leading financial analysis platform, the stock call for Facor Alloys is currently 'Strong Sell'. This is based on the company's very negative financial performance in the last quarter, with a score of -21 compared to -12 in the previous quarter.

The company's net sales for the quarter have fallen by a significant 91.6% to Rs 7.10 crore, compared to the average net sales of the previous four quarters which stood at Rs 84.04 crore. This indicates a very negative trend in near term sales.

Similarly, the profit before tax (PBT) less other income has also seen a sharp decline of 82.7% to Rs -6.61 crore, compared to the average PBT of the previous four quarters which was Rs -3.62 crore. The profit after tax (PAT) has also fallen by a staggering 407.8% to Rs -3.91 crore, compared to the average PAT of the previous four quarters which was Rs -0.77 crore. This shows a very negative trend in near term PBT and PAT.

Moreover, the net sales for the quarter have been the lowest in the last five quarters, standing at Rs 7.10 crore. This further reinforces the negative trend in near term sales for Facor Alloys.

Based on these financial results, it is evident that Facor Alloys has not performed well in the last quarter. Investors should take note of these numbers and make informed decisions while investing in the company's stock.