Jasch Industries Reports Negative Financial Results, Receives 'Sell' Rating from MarketsMOJO

Jasch Industries, a microcap company in the textile industry, recently announced its financial results for the quarter ending June 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Jasch Industries has seen a negative performance in the quarter, with a score of -19, which is an improvement from the previous quarter's score of -21. This indicates that the company's financials have not been performing well in the recent months.

One of the major factors contributing to this negative performance is the Profit Before Tax (PBT) less Other Income, which has fallen by 47.7% to Rs 2.50 crore compared to the average PBT of the previous four quarters, which was Rs 4.78 crore. This shows a very negative trend in the near term for PBT.

Similarly, the Profit After Tax (PAT) has also seen a decline of 53.1% to Rs 1.90 crore compared to the average PAT of the previous four quarters, which was Rs 4.05 crore. This indicates a very negative trend in the near term for PAT.

The company's Net Sales have also fallen by 16.9% to Rs 41.82 crore compared to the average Net Sales of the previous four quarters, which was Rs 50.34 crore. This shows a very negative trend in the near term for sales.

Based on these financial results, MarketsMOJO has given a 'Sell' call for Jasch Industries' stock. Investors should carefully consider these factors before making any investment decisions.