Thirdwave Fin. Reports Negative Performance, MarketsMOJO Advises 'Sell' Call

This could be a cause for concern for investors.
Thirdwave Financial Intermediaries, a microcap finance company, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO, a leading financial analysis platform.

According to the financial report, Thirdwave Fin. has experienced a negative performance in the second quarter of the fiscal year 2024-2025. The company's score has dropped from -2 to -8 in the last three months, indicating a decline in its financial health.

One of the major factors contributing to this decline is the company's operating profit (PBDIT), which has been consistently falling in the last five quarters and reached its lowest at Rs -0.69 crore in the current quarter. Similarly, the profit before tax less other income (PBT) and profit after tax (PAT) have also shown a downward trend, reaching their lowest at Rs -0.79 crore and Rs -0.73 crore respectively.

Moreover, the company's operating cash flow has been at its lowest in the last three years, standing at Rs -1.30 crore. This indicates a decrease in the company's cash revenues from business operations, which could be a cause for concern for investors.

In light of these financial results, MarketsMOJO has advised investors to sell their stocks in Thirdwave Financial Intermediaries. The company's current financial performance raises concerns about its future potential and may not be a suitable investment option for those looking for stable returns.