Tarmat's Q2 FY25 financials show decline in net sales and 'Strong Sell' call from MarketsMOJO

Tarmat, a microcap company in the capital goods industry, recently announced its financial results for the quarter ending September 2024. The results showed a flat performance for the quarter, with a slight improvement in the company’s overall score from -8 to -5 in the last three months.

One positive aspect of the financials was the company’s cash and cash equivalents, which were at their highest in the last six half-yearly periods at Rs 6.95 crore. This indicates an improvement in short-term liquidity for Tarmat.

However, the company’s net sales for the quarter were at Rs 15.57 crore, showing a significant decline of -36.96% year on year. This is also the lowest net sales in the last five quarters, indicating a negative trend in the company’s sales in the near term.

MarketsMOJO, a leading financial analysis platform, has given a ‘Strong Sell’ call for Tarmat’s stock based on these financial results. This suggests that investors should exercise caution while considering investing in the company’s stock.

Overall, Tarmat’s financial performance for the quarter ending September 2024 has been lackluster, with a decline in net sales and a negative trend in sales. Investors should carefully evaluate the company’s financials before making any investment decisions.