IL&FS Investment Managers' Financial Results Show Negative Performance, Experts Recommend Caution

Feb 13 2024 04:35 PM IST
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IL&FS Investment Managers, a microcap finance company, reported a negative financial performance for the quarter ending December 2023. The company's PAT has declined by 59.36% year on year and its Non-Operating Income is 128.26% of its PBT, indicating an unsustainable business model. With a low EPS and a 'Sell' call from MarketsMojo, investors should carefully evaluate before investing.

IL&FS Investment Managers, a microcap finance company, recently announced its financial results for the quarter ending December 2023. The company's performance has been deemed negative, with a score of -8, showing a slight improvement from the previous quarter's score of -22.

One of the major factors contributing to this negative performance is the company's Profit After Tax (PAT), which has seen a decline of 59.36% year on year. This trend is expected to continue in the near term, indicating a concerning financial outlook for the company.

Additionally, IL&FS Investment Managers' Non-Operating Income for the quarter is 128.26% of its Profit Before Tax (PBT). This suggests that a significant portion of the company's income is coming from non-business activities, which may not be a sustainable business model in the long run.

Furthermore, the company's Earnings per Share (EPS) for the quarter is at its lowest in the last five quarters, at Rs 0.04. This indicates a decline in profitability and a lower return for shareholders.

Based on these financial results, MarketsMOJO has given a 'Sell' call for IL&FS Investment Managers' stock. Investors are advised to carefully consider these factors before making any investment decisions.
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