Kalyani Forge Reports Negative Financial Results for Q1 FY25
Kalyani Forge, a microcap company in the castings and forgings 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, Kalyani Forge has seen a negative performance in the quarter, with a score of -7 compared to -19 in the previous three months. This indicates a slight improvement, but the company still faces challenges.
One of the major concerns for Kalyani Forge is its Profit After Tax (PAT) for the nine-month period, which has decreased by 43.64% year on year. The near-term trend for PAT is also negative. Additionally, the company’s interest costs have increased by 28.85% over the preceding nine months, indicating higher borrowings.
In terms of sales, Kalyani Forge has recorded its lowest net sales in the last five quarters at Rs 56.74 crore. The near-term trend for sales is also negative. The company’s Earnings per Share (EPS) for the quarter is at its lowest in the last five quarters, at Rs 0.96. This shows a decline in profitability and lower earnings for shareholders.
Overall, Kalyani Forge’s financial performance for the quarter ending June 2024 has been negative. Investors should carefully consider these factors before making any decisions regarding the company’s stock.
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