G G Dandekar Properties Reports Decline in Financial Performance, Receives 'Strong Sell' Rating

G G Dandekar Properties, a microcap engineering company, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO, indicating a negative outlook for investors.

According to the financial report, G G Dandekar has seen a decline in its overall performance in the last quarter, with a score of -8 compared to -5 in the previous quarter. This is a cause for concern for the company and its stakeholders.

One of the major factors contributing to this decline is the Profit Before Tax (PBT) less Other Income, which has fallen by -123.36% year on year, reaching a low of -0.50 crore. The trend for PBT in the near term is also negative, indicating potential challenges for the company in the coming months.

Similarly, the Profit After Tax (PAT) has also seen a significant decline of -1339.1% year on year, with a value of -3.31 crore. This is a worrying trend for the company and its shareholders. Additionally, the Earnings per Share (EPS) for the quarter is at its lowest in the last five quarters, at -7.13. This indicates a decline in profitability and lower earnings for shareholders.

Overall, G G Dandekar Properties has reported negative financial results for the quarter ending March 2024. The company's stock has been given a 'Strong Sell' rating, highlighting the need for caution for potential investors.