Excel Realty N Infra reports mixed financial results for Q1 2024

Excel Realty N Infra, a microcap real estate company, recently announced its financial results for the quarter ending June 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Excel Realty's performance for the quarter has been flat. However, there has been an improvement in the company's score, which has increased from -2 to 1 in the last three months.

The company's Profit After Tax (PAT) for the quarter was the highest in the last five quarters at Rs 0.55 crore. This shows a positive trend in the near term for Excel Realty. Additionally, the company's Earnings per Share (EPS) for the quarter was also the highest in the last five quarters, indicating an increase in profitability and higher earnings for shareholders.

On the other hand, there are some areas that need improvement for Excel Realty. The company's Non Operating Income for the quarter was 176.71% of the Profit Before Tax (PBT). This suggests that the company's income from non-business activities is high, which may not be a sustainable business model.

Moreover, the company's Debtors Turnover Ratio for the half-yearly period was the lowest in the last five periods at 0.48 times. This indicates that the company's pace of settling its debtors has slowed down. Additionally, the Non Operating Income for the quarter was the highest in the last five quarters at Rs 1.29 crore. This increase in income from non-business activities may not be sustainable for the company.

Overall, Excel Realty's financial performance for the quarter ending June 2024 has been mixed. While there has been an improvement in some areas, there are also some concerns that need to be addressed. Investors are advised to carefully consider these factors before making any investment decisions.