Mitshi India's Q2 Financial Results Show Negative Performance, Stock Receives 'Strong Sell' Rating

Nov 18 2024 10:18 AM IST
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Mitshi India, a microcap trading company, has reported negative financial results for the quarter ending September 2024. The company's net sales and profit after tax have both declined by 70.01% year on year. This has resulted in a 'Strong Sell' call by MarketsMojo, indicating challenges in the company's operations.

Mitshi India, a microcap trading company, recently declared its financial results for the quarter ending September 2024. The company's stock has been given a 'Strong Sell' call by MarketsMOJO.

According to the financial report, Mitshi India has seen a negative performance in the second quarter of the fiscal year 2024-2025. The company's score has fallen from -2 to -6 in the last three months.

One of the major factors contributing to this decline is the net sales, which have decreased by 70.01% year on year, standing at Rs 5.17 crore. The near-term sales trend for the company is also very negative.

Similarly, the profit after tax (PAT) for the nine-month period has also seen a decline of 70.01% year on year, standing at Rs -0.86 crore. The near-term trend for PAT is also negative.

These financial results indicate that Mitshi India is facing challenges in its operations and has not been able to achieve growth in terms of sales and profits. Investors should take note of these numbers before making any investment decisions.
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