Ansal Properties & Infrastructure Reports Negative Performance in Q2 2024
Ansal Properties & Infrastructure, a microcap real estate company, reported a negative performance in the quarter ending June 2024 with a score of -7 compared to -4 in the previous quarter. This can be attributed to a significant decrease in net sales and a decline in profit after tax. Investors should be cautious of the company's declining trend.
Ansal Properties & Infrastructure, a microcap real estate company, recently announced its financial results for the quarter ending June 2024. The company's stock has been given a 'Strong Sell' call by MarketsMOJO.
According to the financial report, Ansal Properties has seen a negative performance in the quarter, with a score of -7 compared to -4 in the previous quarter. This decline can be attributed to various factors.
One of the major reasons for the negative performance is the decrease in net sales. The company's net sales for the quarter were Rs 116.64 crore, which is a significant drop of 21.9% compared to the average net sales of the previous four quarters, which stood at Rs 149.38 crore. This indicates a very negative trend in the near term for the company's sales.
Another concerning aspect is the company's profit after tax (PAT) for the half-yearly period, which stood at Rs -35.40 crore. This is a decline of 33.09% compared to the same period last year. The near term trend for PAT is also negative.
Overall, the financial results for the quarter ending June 2024 have not been favorable for Ansal Properties & Infrastructure. Investors should take note of the company's declining performance and make informed decisions.
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