Uni Abex Alloy Reports Decline in Financial Performance for Q1 FY25
Uni Abex Alloy Products, a microcap company in the castings/forgings industry, recently announced its financial results for the quarter ending March 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.
According to the financial report, Uni Abex Alloy has seen a negative performance in the quarter, with a score of -7, which has improved from -10 in the last three 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 23.9% to Rs 8.36 crore compared to the average PBT of the previous four quarters, which was Rs 10.99 crore. This shows a significant decline in the company’s near-term PBT trend.
Similarly, the Profit After Tax (PAT) has also seen a decline of 18.1% to Rs 7.26 crore compared to the average PAT of the previous four quarters, which was Rs 8.87 crore. This indicates a negative trend in the company’s near-term PAT.
Overall, the financial results for the quarter ending March 2024 have not been favorable for Uni Abex Alloy. Investors and stakeholders should closely monitor the company’s performance in the coming quarters to make informed decisions. This news is for informational purposes only and does not constitute any recommendation or expert opinion.
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