IL&FS Engineering & Construction Co sees positive performance in Q4, but MarketsMOJO gives 'Sell' call
IL&FS Engineering & Construction Co, a microcap company in the capital goods industry, has reported positive financial results for the quarter ending December 2023. The company's score has improved from 15 to 12, with a high Debtors Turnover Ratio indicating faster debt settlement. However, net sales and PAT have decreased, leading to a 'Sell' call from MarketsMojo. Investors should conduct their own research before investing.
IL&FS Engineering & Construction Co, a microcap company in the capital goods industry, recently announced its financial results for the quarter ending December 2023. According to the latest report, the company has seen a positive performance in terms of financials.
The company's score has improved from 15 to 12 in the last three months, indicating a positive trend. One of the key factors contributing to this improvement is the Debtors Turnover Ratio, which has been the highest at 5.00 times in the last five half-yearly periods. This shows that the company has been able to settle its debtors faster, which is a positive sign for its financial health.
However, there are also some areas that need improvement for IL&FS Engineering & Construction Co. The company's net sales for the quarter were at Rs 47.01 crore, which is a decrease of 17.9% compared to the average net sales of the previous four quarters. This indicates a negative trend in the near term. Similarly, the company's Profit After Tax (PAT) for the quarter was at Rs -26.29 crore, which is a decrease of 7.7% compared to the average PAT of the previous four quarters. This also shows a negative trend in the near term.
Based on these financial results, MarketsMOJO has given a 'Sell' call for IL&FS Engineering & Construction Co's stock. However, it is important to note that this is not a recommendation or expert opinion, but rather a fact-based analysis of the company's financial performance. Investors are advised to do their own research and make informed decisions before investing in the company's stock.
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