Unison Metals Reports Negative Financial Results for Q4 2023, Stock Call: 'Sell'

Unison Metals, a microcap company in the iron and steel industry, recently announced its financial results for the quarter ending December 2023. The results have been declared on February 14, 2024.

According to MarketsMOJO, a leading financial analysis platform, the stock call for Unison Metals is 'Sell'. This is based on the negative financial performance of the company in the last quarter.

The company's score has fallen from -8 to -11 in the last three months, indicating a decline in its financial health. The profit before tax (PBT) has decreased by 488.9% to Rs -1.06 crore, compared to the average PBT of the previous four quarters which was Rs -0.18 crore. This shows a very negative trend in the near term.

Similarly, the profit after tax (PAT) has also fallen by 166.7% to Rs -0.12 crore, compared to the average PAT of the previous four quarters which was Rs 0.18 crore. The net sales have also decreased by 15.9% to Rs 53.47 crore, compared to the average net sales of the previous four quarters which was Rs 63.58 crore. This indicates a very negative trend in the near term.

Moreover, the interest cost has increased by 28.64% to Rs 5.75 crore in the last nine months, which suggests that the company has taken on more borrowings. The net sales for the quarter have also been the lowest in the last five quarters, further highlighting the negative trend in the near term.

Based on these financial results, it is evident that Unison Metals is facing challenges in its operations. Investors should carefully consider these factors before making any investment decisions.