KIC Metaliks' Q4 2023 Financial Results Show Negative Trends and 'Sell' Call by MarketsMOJO

KIC Metaliks, a microcap trading company, has recently announced its financial results for the quarter ending December 2023. The company's performance has been deemed negative by MarketsMOJO, with a 'Sell' call for its stock.

According to the financials, KIC Metaliks has seen a decline in its score from -7 to -13 in the last three months. This is due to various factors, including a decrease in Profit After Tax (PAT) which has fallen to Rs 0.96 crore, and a negative trend in near term PAT. The company's Net Sales have also been affected, with the lowest recorded at Rs 190.57 crore in the last five quarters and a negative trend in near term sales. Additionally, the company's Operating Profit (PBDIT) has also seen a decline, with the lowest recorded at Rs 7.29 crore in the last five quarters and a negative trend in near term Operating Profit.

Furthermore, KIC Metaliks' Earnings per Share (EPS) have also been impacted, with the lowest recorded at Rs 0.27 in the last five quarters. This indicates a decline in profitability and lower earnings for shareholders.

Overall, the financial results for the quarter ending December 2023 have not been favorable for KIC Metaliks. Investors are advised to take note of the negative trends and the 'Sell' call by MarketsMOJO before making any investment decisions.