Jindal Poly Inve's Q1 Financial Results Show Significant Decline, MarketsMOJO Issues 'Sell' Call

Jindal Poly Investment & Finance Company, a microcap finance and NBFC company, recently announced its financial results for the quarter ending March 2024. According to the data released on May 29, 2024, the company has seen a negative performance in this quarter.

The financial score for Jindal Poly Inve has fallen from -4 to -14 in the last three months, indicating a significant decline. The net sales for the quarter were reported at Rs 13.78 crore, showing a drastic decrease of -98.48% compared to the same period last year. This trend in sales is a cause for concern in the near term.

The company's Profit Before Tax (PBT) less Other Income has also seen a decline of -67.45% Year on Year (YoY), with the reported figure for this quarter being Rs 98.69 crore. The Profit After Tax (PAT) has also fallen by -39.0% YoY, with the reported figure for this quarter being Rs 98.49 crore. These negative trends in PBT and PAT are a cause for worry in the near term.

Based on these financial results, MarketsMOJO has given a 'Sell' call for Jindal Poly Inve's stock. The company's performance in this quarter has not been up to the mark, and investors should take note of these figures before making any investment decisions.