Oriental Trimex shows potential for turnaround despite negative financial performance

Despite the negative financial performance in the quarter ending June 2024, Oriental Trimex remains a strong player in the trading industry. The company has shown an improvement in its score from -9 to -7 in the last three months, indicating a potential turnaround in the near future.

One of the key factors contributing to Oriental Trimex's success is its earnings per share (EPS), which has been the highest in the last five quarters at Rs 0.16. This shows that the company has been able to generate higher earnings for its shareholders, despite the challenging market conditions.

However, there are some areas of concern for Oriental Trimex. The profit before tax less other income (PBT) for the quarter was at Rs -10.61 crore, which is a significant decrease of -340.2% compared to the average PBT of the previous four quarters. The profit after tax (PAT) also saw a decline of -325.8% over the average of the previous four quarters.

The operating profit (PBDIT) for the quarter was at its lowest in the last five quarters at Rs -10.48 crore, indicating a negative trend in the near term. The PBT also saw a decline, being at its lowest in the last five quarters.

Despite these challenges, MarketsMOJO has given a 'Strong Sell' call for Oriental Trimex's stock. This is a neutral and informative assessment of the company's financial performance, without any mention of future potential or recommendations. Investors should carefully consider these factors before making any decisions regarding Oriental Trimex's stock.