Picturehouse Media Reports Decline in Q3 Profits

Nov 08 2023 12:00 AM IST
share
Share Via
Picturehouse Media, a microcap company in the films and entertainment industry, reported a decline in net sales, consolidated net profit, and operating profit for the quarter ended September 2023. However, the company's profit after tax for the nine-month period showed a positive trend. The operating profit margin also decreased, indicating a decline in efficiency. Investors should carefully evaluate these factors before investing.
Picturehouse Media, a microcap company in the films and entertainment industry, recently announced its financial results for the quarter ended September 2023. The company's stock has been given a 'Sell' call by MarketsMOJO.

In the quarter ended September 2023, Picturehouse saw a decline in its net sales by 93.33% compared to the previous quarter. The consolidated net profit also decreased by 300.00% in the same period. The operating profit (PBDIT) excluding other income also saw a decline of 500.00%. The interest expenses also decreased by 100.00% in the quarter.

The operating profit margin (excluding other income) has fallen from the previous quarter. However, the company's profit after tax (PAT) for the nine-month period has shown a positive trend, growing by 113.07% year on year. The PAT for the nine-month period is also higher than the preceding 12-month period, indicating a strong performance.

On the other hand, the operating profit margin for the quarter was the lowest in the last five quarters, showing a decline in the company's efficiency.

Overall, Picturehouse's financial performance for the quarter ended September 2023 has been flat. The company's score has also fallen from 7 to 4 in the last three months. Investors should carefully consider these factors before making any investment decisions.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News