Raj Oil Mills Reports Negative Financial Results for Q1 FY25, Receives 'Strong Sell' Rating
Raj Oil Mills, a microcap company in the solvent extraction industry, has recently declared its financial results for the quarter ending March 2024. The results, released on August 14, 2024, have been deemed as negative by MarketsMOJO, with a stock call of ‘Strong Sell’.
According to the financials, the company’s net sales for the quarter have fallen by 32% compared to the average net sales of the previous four quarters. This decline in sales has resulted in a negative trend for the near term. Additionally, the company’s profit after tax (PAT) for the half-yearly period has also decreased by 21.63% year on year, indicating a negative trend for the near future.
The company’s net sales for the quarter have also hit a low of Rs 21.21 crore, the lowest in the last five quarters. This further reinforces the negative sales trend for the company. Similarly, the earnings per share (EPS) for the quarter have also decreased to a low of Rs -0.53, indicating declining profitability and lower earnings for shareholders.
Overall, the financial results for the quarter ending March 2024 have not been favorable for Raj Oil Mills. With a negative trend in sales and profitability, the company’s stock has been given a ‘Strong Sell’ call by MarketsMOJO. Investors and stakeholders should closely monitor the company’s performance in the coming quarters to make informed decisions.
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