Apoorva Leasing's Financial Performance Declines in Q1 2024, Investors Advised to Take Note
Apoorva Leasing Finance & Investment Co, a microcap company in the finance/NBFC industry, recently declared its financial results for the quarter ending March 2024. According to the report released on May 30, 2024, the stock call for Apoorva Leasing is 'Sell' by MarketsMOJO.
The company has seen a negative financial performance in the quarter, with a score of -6 compared to 4 in the previous quarter. This decline can be attributed to various factors, including a significant decrease in Profit After Tax (PAT) which has fallen to -0.21 crore, a decrease of 130.8% from the average PAT of the previous four quarters.
The Operating Profit (PBDIT) for the quarter was also at its lowest in the last five quarters, standing at Rs 0.06 crore. The trend for near-term Operating Profit is negative. Similarly, the Profit Before Tax less Other Income (PBT) was also at its lowest in the last five quarters, standing at Rs 0.00 crore. The near-term trend for PBT is also negative.
The company's Earnings per Share (EPS) for the quarter was at its lowest in the last five quarters, standing at Rs -0.11. This indicates a declining profitability and lower earnings for shareholders.
Based on the financial results for the quarter ending March 2024, it is evident that Apoorva Leasing is facing challenges in terms of profitability and performance. Investors are advised to take note of these factors and make informed decisions regarding their investments in the company.
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