Iykot Hitech's Q1 Financial Results Show Mixed Performance, EPS at 5-Quarter High

Iykot Hitech, a microcap engineering company, has recently declared its financial results for the quarter ending March 2024. According to the data released on May 31, 2024, the company has seen a flat performance in this quarter. However, there has been a slight improvement in the overall score, which has gone from -2 to -1 in the last three months.

One of the positive aspects of Iykot Hitech's financials for this quarter is its earnings per share (EPS), which is the highest in the last five quarters at Rs -0.55. This indicates that the company has been able to generate higher earnings for its shareholders, showcasing its increasing profitability.

On the other hand, the operating profit (PBDIT) for this quarter is at its lowest in the last five quarters, standing at Rs -0.71 crore. This suggests a negative trend in the near term for the company's operating profit. Similarly, the profit before tax less other income (PBT) is also at its lowest in the last five quarters, at Rs -0.78 crore. This indicates a negative trend in the near term for the company's PBT.

Based on these financial results, MarketsMOJO has given a 'Sell' call for Iykot Hitech's stock. It is important to note that this is a neutral and informative assessment of the company's financial performance and does not involve any future potential, investor interest, or expert opinions. These facts are based solely on the data provided by the company and do not include any external sources.