Landmark Property Development Company's Financial Performance Declines, Receives 'Sell' Call

Landmark Property Development Company, a microcap real estate firm, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Landmark Prop. has experienced a flat performance in the first quarter of 2024. The company's score has dropped from 3 to -3 in the last three months, indicating a decline in its financial standing.

One of the major factors contributing to this decline is the company's operating profit (PBDIT), which has reached its lowest point in the last five quarters at Rs -12.04 crore. This trend is expected to continue in the near term.

Similarly, the company's profit before tax less other income (PBT) has also hit its lowest point in the last five quarters at Rs -12.04 crore. This indicates a negative trend in the company's profitability.

Furthermore, Landmark Prop.'s earnings per share (EPS) have also decreased to its lowest point in the last five quarters at Rs -0.90. This shows a decline in the company's ability to generate earnings for its shareholders.

Based on these financial results, MarketsMOJO has given a 'Sell' call for Landmark Property Development Company. The company will need to address these issues and improve its financial performance in order to regain investor confidence.