Rasandik Engineering Industries India's Q1 FY25 Financial Results Show Negative Trends
Rasandik Engineering Industries India, a microcap company in the auto ancillary industry, recently announced its financial results for the quarter ending March 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.
According to the financial report, Rasandik Engg. has shown a flat performance in the quarter, with a score of -4 compared to 6 in the previous three months. This decline can be attributed to various factors.
One of the major concerns for the company is its net sales, which have fallen by -17.2% to Rs 17.86 crore compared to the average net sales of the previous four quarters, which stood at Rs 21.56 crore. This indicates a negative trend in the company’s sales in the near term.
Similarly, the profit after tax (PAT) for the quarter has also decreased by -10.4% to Rs 1.46 crore compared to the average PAT of Rs 1.63 crore in the previous four quarters. This shows a negative trend in the company’s profitability in the near term.
Another worrying factor is the company’s operating cash flow, which is at its lowest in the last three years at Rs 2.40 crore. This indicates a decline in the company’s cash revenues from business operations.
Furthermore, the net sales for the quarter have also hit a low of Rs 17.86 crore, which is the lowest in the last five quarters. This further reinforces the negative trend in the company’s sales.
Lastly, the non-operating income for the quarter is 377.46% of the profit before tax (PBT). This suggests that the company’s income from non-business activities is high, which is not a sustainable business model.
In conclusion, the financial results for the quarter ending March 2024 have not been favorable for Rasandik Engineering Industries India. Investors are advised to carefully consider these factors before making any investment decisions.
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