Tulsyan NEC's Financial Results Show Negative Performance, Strong Sell Call Issued.

This could have a negative impact on the company's financial health.Net Loss - Quarterly: At Rs -20.59 cr has Fallen at -74.9 % over average Net Loss of the previous four quarters of Rs -11.77 Cr.Near term Net Loss trend is very negative.

Tulsyan NEC, a microcap company in the iron and steel industry, has recently announced its financial results for the quarter ending March 2024. According to the data released on May 31, 2024, the company has seen a negative performance with a score of -14, a decrease from -10 in the last three months.

The company's operating profit to interest ratio has been consistently declining over the past five quarters, reaching its lowest point at -0.33 times. This indicates a deteriorating ability to manage interest payments. Additionally, the profit before tax less other income has fallen by 74.9% compared to the average of the previous four quarters, with a near-term trend showing a negative outlook.

Tulsyan NEC's operating profit and operating profit margin have also been on a downward trend, with the former reaching its lowest point at Rs -3.32 crore. The company's efficiency has been affected by these declines. Furthermore, the interest cost has increased by 39.10% over the preceding nine months, indicating a rise in borrowings that could negatively impact the company's financial health.

The quarterly net loss for Tulsyan NEC has also seen a significant decrease of 74.9% compared to the average of the previous four quarters. This trend is expected to continue in the near term.

MarketsMOJO has given a 'Strong Sell' call for Tulsyan NEC's stock based on these financial results. The company's performance in the quarter ending March 2024 has not been favorable, and investors should carefully consider this information before making any investment decisions.