MK Exim India's Q1 FY25 Financial Results Show Negative Trends, Receives 'Sell' Call from MarketsMOJO
M K Exim India, a microcap company in the textile industry, recently declared its financial results for the quarter ending June 2024. According to the report released on August 10, 2024, the company’s stock has been given a ‘Sell’ call by MarketsMOJO.
The company’s financial performance for the quarter has been negative, with a score of -8, which is an improvement from the previous quarter’s score of -17. This indicates that the company’s financial health has deteriorated in the last three months.
One of the major factors contributing to this decline is the decrease in net sales. The company’s net sales for the quarter were Rs 20.20 crore, which is a 12.5% decrease from the average net sales of the previous four quarters, which stood at Rs 23.10 crore. This indicates a negative trend in the company’s sales in the near term.
Furthermore, the company’s profit after tax (PAT) for the nine-month period ending June 2024 was Rs 11.06 crore, which is a 21.34% decrease from the same period last year. This also indicates a negative trend in the company’s PAT in the near term.
Overall, M K Exim India’s financial results for the quarter ending June 2024 have not been favorable. Investors are advised to take note of the ‘Sell’ call given by MarketsMOJO and make informed decisions regarding their investments in the company.
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