MBL Infrastructure Reports Negative Financial Performance in Q4 2023

MBL Infrastructure, a microcap company in the capital goods industry, recently announced its financial results for the quarter ended December 2023. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financials, MBL Infrast has seen a negative performance in the quarter, with a score of -12 compared to -7 in the previous quarter. This indicates a decline in the company's overall financial health.

One of the major factors contributing to this decline is the Profit Before Tax (PBT) less Other Income, which has fallen by 93.61% year on year to Rs -44.86 crore. The trend for PBT in the near term is also negative. Similarly, the Profit After Tax (PAT) has also shown a decline of 41.69% year on year to Rs -20.38 crore. The trend for PAT in the near term is also negative.

The company's Net Sales have also seen a decline of 17.18% year on year to Rs 32.68 crore. This indicates a negative trend in the company's sales performance in the near term.

In terms of liquidity, MBL Infrastructure's Cash and Cash Equivalents have reached a low of Rs 1.48 crore in the last six half yearly periods. This indicates a deteriorating short term liquidity for the company.

Additionally, the Debtors Turnover Ratio, which measures the pace of settling debtors, has reached a low of 0.53 times in the last five half yearly periods. This indicates a slowdown in the company's ability to settle its debtors.

Overall, MBL Infrastructure's financial performance for the quarter ended December 2023 has been negative, with declining trends in key areas such as PBT, PAT, and Net Sales. Investors should carefully consider these factors before making any investment decisions.