Neelkanth's Q1 FY25 financial report shows mixed results, with some areas of concern.
Neelkanth, a microcap trading company, 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, Neelkanth’s performance for the quarter has been flat, with a score of -2 compared to 3 in the previous quarter. However, there are some positive aspects to the company’s financials. The Profit After Tax (PAT) for the nine-month period is higher at Rs 0.25 crore compared to the previous 12-month period ending in June 2024, which had a PAT of Rs -0.10 crore. This indicates that the company has already surpassed its sales from the previous year in just nine months.
On the other hand, there are some areas of concern for Neelkanth. The Operating Profit (PBDIT) for the quarter is at its lowest in the last five quarters, at Rs -0.08 crore. The trend for near-term Operating Profit is also negative. Similarly, the Profit Before Tax less Other Income (PBT) for the quarter is at its lowest in the last five quarters, at Rs -0.12 crore. The near-term trend for PBT is also negative. Additionally, the company’s Earnings per Share (EPS) for the quarter is at its lowest in the last five quarters, at Rs -0.25. This indicates a decline in profitability and lower earnings for shareholders.
Overall, Neelkanth’s financial performance for the quarter ending March 2024 has been flat, with some positive and negative aspects. Investors should carefully consider these factors before making any decisions regarding the company’s stock.
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