Integra Engineering India's Financial Results Show Significant Decline in Performance

Integra Engineering India, a microcap company in the textile machinery industry, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.

According to the financial report, Integra Engg. has seen a significant decline in its performance during the quarter. The company's score has fallen from 5 to -20 in the last three months, indicating a very negative trend.

The profit before tax (PBT) less other income for the quarter was Rs 3.59 crore, which is a decrease of 36.9% compared to the average PBT of the previous four quarters. This shows a very negative trend in the near term. Similarly, the profit after tax (PAT) for the quarter was Rs 2.70 crore, a decrease of 34.9% compared to the average PAT of the previous four quarters. The net sales for the quarter were Rs 33.38 crore, which is a decrease of 10.5% compared to the average net sales of the previous four quarters. This indicates a very negative trend in the near term, with the lowest net sales in the last five quarters.

The operating profit (PBDIT) for the quarter was also at its lowest in the last five quarters, at Rs 4.62 crore. The operating profit margin was also at its lowest, at 13.84%, indicating a deterioration in the company's efficiency. The PBT less other income was also at its lowest in the last five quarters, at Rs 3.59 crore, showing a negative trend in the near term. The earnings per share (EPS) for the quarter were at its lowest, at Rs 0.78, indicating a decline in profitability and lower earnings for shareholders.

Based on these financial results, it is clear that Integra Engineering India has not performed well in the quarter ending March 2024. Investors should take note of the company's declining performance and the 'Strong Sell' rating given by MarketsMOJO before making any investment decisions.