John Cockerill India's Q2 FY24-25 Financial Results Show Negative Performance

John Cockerill India, a smallcap engineering company, recently announced its financial results for the quarter ending September 2024. The stock has been given a 'Sell' call by MarketsMOJO.

The company has seen a very negative financial performance in the second quarter of FY24-25, with a score of -24, which has slightly improved from -26 in the last three months.

However, there are some positive aspects in the company's financials. The dividend per share (DPS) has been the highest at Rs 7.00 in the last five years, indicating that the company is distributing higher dividends from its profits.

On the other hand, there are some areas of concern in the financials. The net sales for the quarter have fallen by -55.6% at Rs 76.04 crore, compared to the average net sales of the previous four quarters at Rs 171.45 crore. This shows a very negative trend in the near term sales.

Similarly, the profit before tax less other income (PBT) for the quarter has fallen by -360.5% at Rs -10.57 crore, compared to the average PBT of the previous four quarters at Rs 4.06 crore. The near term trend for PBT is also very negative.

The company's half yearly profit after tax (PAT) has also seen a decline of -58.97% year on year (YoY) at Rs -7.53 crore. The operating cash flow for the year has also been the lowest at Rs 22.75 crore in the last three years, indicating a fall in the company's cash revenues from business operations.

In addition, the net sales for the quarter have been the lowest at Rs 76.04 crore in the last five quarters, and the operating profit (PBDIT) has also been the lowest at Rs -8.64 crore. The operating profit margin has also seen a decline, reaching its lowest at -11.36% in the last five quarters.

Overall, the company's financial performance for the quarter has been negative, with declining profitability and lower earnings for shareholders. Investors should carefully consider these factors before making any investment decisions.