GTL Infrastructure Reports Negative Performance in Q3, Receives 'Strong Sell' Rating
GTL Infrastructure, a smallcap company in the telecommunication equipment industry, reported a negative performance in the quarter ending September 2024 with a score of -11. The company's operating cash flow and quarterly profits have been consistently decreasing, while non-operating income has increased. MarketsMojo has given the stock a 'Strong Sell' rating.
GTL Infrastructure, a smallcap company in the telecommunication equipment industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.
According to the financial report, GTL Infra. has seen a negative performance in the quarter, with a score of -11, which is an improvement from the previous quarter's score of -13. The company's operating cash flow has been consistently decreasing over the last three years, with the lowest being Rs 194.43 crore annually. This indicates a decline in cash revenues from business operations.
The quarterly Profit Before Tax less Other Income (PBT) has also been on a downward trend, with the lowest being Rs -224.03 crore in the current quarter. This is a concerning trend for the near future. Additionally, the quarterly Profit After Tax (PAT) has also been consistently decreasing, with the lowest being Rs -214.05 crore in the current quarter. This is a decline of 11.8% from the average PAT of the previous four quarters.
On a positive note, the company's non-operating income has increased in the current quarter, with the highest being Rs 9.98 crore in the last five quarters. However, this increase may not be sustainable as it comes from non-business activities.
Overall, the financial results for the quarter ending September 2024 do not paint a positive picture for GTL Infrastructure. With a 'Strong Sell' rating from MarketsMOJO, investors may want to approach this stock with caution.
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