Delphi World's Q1 2024 Financial Report Shows Negative Performance and Concerning Trends

Delphi World, a microcap finance company, has recently declared 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, Delphi World has seen a negative performance in the quarter, with a score of -14 compared to -11 in the previous quarter. This decline can be attributed to various factors.

One of the major concerns for Delphi World is its net sales, which have fallen by 32.30% year on year, standing at Rs 15.28 crore. This is also reflected in the company's near-term sales trend, which is very negative. Similarly, the profit before tax (PBT) has also seen a significant decline of 92.73% year on year, standing at Rs 0.24 crore. This trend is expected to continue in the near term.

The half-yearly profit after tax (PAT) has also shown a negative growth of 27.61% year on year, standing at Rs 7.00 crore. This is a cause for concern for the company, as it indicates a decline in its profitability. Additionally, the net sales for the quarter have been the lowest in the last five quarters, standing at Rs 15.28 crore. This further highlights the negative sales trend for Delphi World.

Another concerning aspect is the company's non-operating income, which is 94.94% of the PBT. This means that a majority of the company's income is coming from non-business activities, which is not a sustainable business model.

Overall, Delphi World's financial performance for the quarter ending March 2024 has been negative, with various factors contributing to this decline. Investors should carefully consider these factors before making any investment decisions.