Maithan Alloys' Q1 financials show mixed performance, MarketsMOJO advises 'Hold' on stock

Maithan Alloys, a smallcap company in the ferro and silica manganese industry, has recently declared its financial results for the quarter ending June 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financials, Maithan Alloys has shown a negative performance in the quarter, with a score of -6, which has improved from -17 in the last 3 months. However, there are some positive aspects to the company's financials. The Profit After Tax (PAT) for the quarter has grown by 86.3% compared to the average of the previous four quarters. The company has also shown an increase in its earnings per share (EPS) and has created higher earnings for its shareholders.

On the other hand, there are some areas that need improvement for Maithan Alloys. The Profit Before Tax less Other Income (PBT) has fallen by -99.1% compared to the average of the previous four quarters. The company's net sales have also decreased by -5.3% compared to the average of the previous four quarters. The operating profit margin and PBT have also shown a negative trend in the near term.

Additionally, the company's non-operating income is 99.78% of its PBT, which indicates a high reliance on non-business activities. The company's short-term liquidity is also deteriorating, with its cash and cash equivalents at the lowest in the last six half-yearly periods.

Overall, Maithan Alloys has shown a mixed performance in the quarter, with some positive and negative aspects. Investors are advised to hold their positions in the company's stock, as recommended by MarketsMOJO.