Graviss Hospitality's Q1 Financial Results Show Decline, Receives 'Strong Sell' Call

Graviss Hospitality, a microcap company in the hotel industry, recently announced its financial results for the quarter ending March 2024. The results, declared on May 30, have received a 'Strong Sell' call from MarketsMOJO.

According to the financial report, Graviss Hospital has seen a negative performance in the quarter, with a score of -8 compared to 7 in the previous quarter. This indicates a decline in the company's financial health.

One of the major factors contributing to this decline is the Profit Before Tax (PBT) less Other Income, which has fallen by 77.09% year on year to Rs 0.74 crore. The trend for PBT in the near term is also negative. Similarly, the Profit After Tax (PAT) has also seen a significant decline of 69.9% year on year to Rs 1.01 crore. The near term trend for PAT is also negative.

In terms of sales, Graviss Hospitality has reported a growth of -7.58% year on year, with net sales of Rs 16.82 crore in the quarter. However, the near term trend for sales is negative.

These financial results indicate that Graviss Hospitality is facing challenges in its operations and may need to take corrective measures to improve its performance. Investors should take note of the 'Strong Sell' call by MarketsMOJO and carefully consider their investment decisions.