Indian Infotech's Q1 Financial Results Show Negative Trend, Receives 'Strong Sell' Rating
Indian Infotech, a microcap company in the trading industry, recently announced its financial results for the quarter ending March 2024. According to the data released on May 31, 2024, the company's stock has been given a 'Strong Sell' rating by MarketsMOJO.
The financial performance of Indian Infotech for the quarter has been negative, with a score of -18, a significant decrease from the previous quarter's score of 19. This decline can be attributed to various factors, as seen in the company's financials for March 2024.
One of the major concerns is the Profit Before Tax (PBT) less Other Income, which has fallen to -12.14 crore, a decrease of 614.4% from the average PBT of the previous four quarters, which was 2.36 crore. This indicates a very negative trend in the near term for PBT.
Similarly, the Profit After Tax (PAT) for the quarter has also seen a significant decline of 742.6% from the average PAT of the previous four quarters, which was 1.41 crore. The company's net sales for the half-yearly period have also shown a negative trend, with a growth rate of -76.21% year on year.
The Operating Profit (PBDIT) for the quarter has been the lowest in the last five quarters, at -12.14 crore. This indicates a negative trend in the near term for operating profit. The same can be seen for PBT, which has also been the lowest in the last five quarters at -12.14 crore.
The company's Earnings per Share (EPS) for the quarter have also been the lowest in the last five quarters, at -0.07. This shows a declining profitability and lower earnings for shareholders.
Overall, the financial results for the quarter ending March 2024 have not been favorable for Indian Infotech. The company has seen a decline in various key financial indicators, indicating a negative trend in the near term. Investors are advised to exercise caution while considering this stock.
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