Sahyadri Industries' Financial Performance Declines, MarketsMOJO Recommends 'Sell' Call

Sahyadri Industries, a microcap company in the construction material industry, recently announced its financial results for the quarter ending March 2024. The stock call by MarketsMOJO for Sahyadri Industries is 'Sell'.

According to the financial report, Sahyadri Industries has seen a negative performance in the quarter, with a score of -11, which has improved from -15 in the last 3 months. This indicates a decline in the company's financial health.

One of the major factors contributing to this negative performance is the Profit Before Tax (PBT) less Other Income, which has fallen by 23.39% year on year to Rs 4.52 crore. The near-term trend for PBT is also negative. Additionally, the company's interest cost has increased by 21.81% over the previous half-year period, indicating a rise in borrowings.

The company's net sales for the quarter stood at Rs 153.84 crore, showing a decline of 7.83% year on year. The near-term trend for sales is also negative. The Profit After Tax (PAT) for the quarter has fallen by 9.3% year on year to Rs 4.29 crore, with a negative trend in the near term.

Based on these financial results, MarketsMOJO has recommended a 'Sell' call for Sahyadri Industries. Investors should carefully consider these factors before making any investment decisions.