Star Cement's Financial Performance Declines in Q2 2024, Investors Beware

Star Cement, a midcap company in the cement industry, recently announced its financial results for the quarter ending June 2024. The company's stock has been given a 'Sell' call by MarketsMOJO, indicating a negative outlook.

According to the financial report, Star Cement's score has fallen to -16 from 0 in the last three months, indicating a decline in performance. The company's Profit Before Tax less Other Income (PBT) for the quarter was at Rs 37.69 crore, showing a significant decrease of -60.42% compared to the same period last year. The trend for PBT in the near term is also negative.

The Profit After Tax (PAT) for the quarter was at Rs 31.04 crore, showing a decline of -66.7% compared to the same period last year. The company's Operating Profit Margin for the quarter was at its lowest in the last five quarters, at 15.46%. This indicates a deterioration in the company's efficiency.

Furthermore, the company's PBT for the quarter was also at its lowest in the last five quarters, at Rs 37.69 crore. The trend for PBT in the near term is also negative. The Earnings per Share (EPS) for the quarter was at its lowest in the last five quarters, at Rs 0.77. This shows a decline in profitability and lower earnings for shareholders.

Based on these financials, it is evident that Star Cement has not performed well in the quarter ending June 2024. The company's efficiency has deteriorated, and its profitability has declined. Investors should take note of these factors before making any investment decisions.