Rathi Steel & Power's Q4 2024 Financial Results Show Significant Decline, Caution Advised for Investors
Rathi Steel & Power, a microcap company in the iron and steel industry, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Strong Sell' call by MarketsMOJO.
According to the financial report, Rathi Steel has seen a significant decline in its performance, with a score of -22 compared to -19 in the previous quarter. This is a cause for concern for investors and stakeholders.
One of the major factors contributing to this decline is the decrease in net sales, which have fallen by 29.03% year on year. This trend is expected to continue in the near term, as the company's sales have been consistently negative.
The company's profit before tax (PBT) has also taken a hit, with a decrease of 96.20% compared to the same quarter last year. This is a worrying trend for investors, as the company's PBT has been on a downward trend in the last few quarters.
The profit after tax (PAT) for the quarter is at its lowest at Rs 0.36 cr, and has fallen each quarter in the last five quarters. This indicates a negative trend in the company's profitability in the near term.
Rathi Steel's operating profit (PBDIT) has also seen a decline, with the lowest figure of Rs 3.95 cr in the last five quarters. This is another cause for concern, as the company's operating efficiency has deteriorated.
Overall, Rathi Steel & Power's financial performance for the quarter ending March 2024 has been very negative. Investors and stakeholders should closely monitor the company's future performance and take caution before making any investment decisions.
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