Baid Finserv's Q1 net sales reach 5-quarter high, but PBT and PAT see significant decline

Baid Finserv, a microcap finance company, recently announced its financial results for the quarter ending June 2024. The company's net sales for the quarter were at its highest in the last five quarters, reaching Rs 18.89 crore. This shows a positive trend in the company's sales performance in the near term.

However, the company's profit before tax (PBT) and profit after tax (PAT) have both seen a significant decline compared to the same quarter last year. PBT has fallen by 50.61% and PAT has fallen by 44.4%. This indicates a very negative trend in the company's profitability in the near term.

Another concerning aspect of Baid Finserv's financials is its operating cash flow, which has been consistently falling over the last three years. In the latest financial year, the company's operating cash flow was at its lowest, reaching Rs -21.77 crore. This suggests that the company's cash revenues from business operations are declining.

As a result of these financial indicators, MarketsMOJO has given a 'Strong Sell' call for Baid Finserv's stock. Investors should carefully consider these financial results before making any investment decisions.