Race Eco Chain's Q1 FY25 Financial Results Show Decline in Sales and Profitability
Race Eco Chain, a microcap trading company, recently announced its financial results for the quarter ending June 2024. The results, declared on August 13, have received a ‘Hold’ call from MarketsMOJO.
According to the financial report, Race Eco has seen a flat performance in the quarter, with a score of -3 compared to 2 in the previous quarter. This decline in score can be attributed to various factors that have affected the company’s financials.
One of the major concerns for Race Eco is its net sales, which have shown a negative growth of -7.74% year on year. This decline in sales has also been reflected in the near term trend, indicating a negative outlook for the company’s sales in the coming months.
Another area of concern is the company’s Profit Before Tax (PBT) less Other Income, which has reached its lowest point at Rs -0.22 cr in the last five quarters. This downward trend in PBT is a cause for worry for the company and its shareholders.
The company’s Earnings per Share (EPS) have also taken a hit, reaching its lowest point at Rs 0.07 in the last five quarters. This decline in profitability is a cause for concern for shareholders as the company has created lower earnings for them.
Overall, the financial results for the quarter ending June 2024 have not been favorable for Race Eco Chain. With a negative trend in sales, PBT, and EPS, the company will need to take necessary measures to improve its financial performance in the coming quarters.
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