Artemis Electricals & Projects Reports Decline in Financial Performance for Q1 FY25

Artemis Electricals & Projects, a microcap company in the electric equipment industry, has recently announced its financial results for the quarter ending March 2024. The company’s stock has been given a ‘Strong Sell’ rating by MarketsMOJO.

According to the financial report, Artemis Electri. has seen a significant decline in its financial performance in the last quarter. The company’s score has fallen from 9 to -21 in the last 3 months, indicating a very negative trend.

The company’s profit after tax (PAT) for the half-yearly period has decreased by 82.64% year on year, and the near-term trend for PAT is also negative. Similarly, the profit before tax less other income (PBT) for the quarter has fallen by 85.8% compared to the average PBT of the previous four quarters. The net sales for the half-yearly period have also decreased by 68.24% year on year, and the near-term trend for sales is also negative.

The operating profit (PBDIT) for the quarter is at its lowest in the last five quarters, and the operating profit margin has also decreased to 0.00%, indicating a deterioration in the company’s efficiency. The PBT for the quarter is also at its lowest in the last five quarters, and the earnings per share (EPS) have also decreased, indicating a decline in profitability and lower earnings for shareholders.

Overall, the financial results for the quarter ending March 2024 show a negative trend for Artemis Electricals & Projects. Investors are advised to carefully consider these factors before making any investment decisions.