Raw Edge Industrial Solutions Receives 'Strong Sell' Call from MarketsMOJO After Declining Financial Results

Raw Edge Industrial Solutions, a microcap company in the mining and minerals industry, recently announced its financial results for the quarter ending December 2023. The results, declared on February 6, 2024, have received a 'Strong Sell' call from MarketsMOJO.

According to the financial report, Raw Edge Indust. has seen a negative performance in the quarter, with a score of -11, which has improved from -15 in the last three months. The company's net sales for the quarter were at Rs 9.90 crore, showing a decline of -10.7% compared to the average net sales of the previous four quarters, which stood at Rs 11.09 crore. This indicates a very negative trend in near-term sales.

The company's profit after tax (PAT) for the nine-month period was at Rs -1.16 crore, showing a decline of -23.68% year on year (YoY). This also reflects a negative trend in near-term PAT. Additionally, the net sales for the quarter were at its lowest in the last five quarters, standing at Rs 9.90 crore. This further highlights the negative trend in near-term sales.

Furthermore, the company's cash and cash equivalents for the half-yearly period were at its lowest in the last six half-yearly periods, standing at Rs 0.00 crore. This indicates a deteriorating short-term liquidity for Raw Edge Industrial Solutions.

Based on the financial results, MarketsMOJO has given a 'Strong Sell' call for Raw Edge Industrial Solutions. The company's performance in the quarter ending December 2023 has not been favorable, with negative trends in net sales, PAT, and short-term liquidity. Investors should carefully consider these factors before making any investment decisions.