Picturehouse Media Reports Negative Financial Results for Q1 2024
Picturehouse Media, a microcap company in the films and entertainment industry, recently announced its financial results for the quarter ending March 2024. The results have been declared on May 29, 2024.
According to MarketsMOJO, a leading financial analysis platform, the stock call for Picturehouse is 'Sell'. The company has seen a negative financial performance in the quarter, with a score of -7 compared to 0 in the previous three months.
However, there are some positive aspects to the company's financials. The earnings per share (EPS) for the quarter were the highest in the last five quarters at Rs 0.04. This indicates an increase in profitability and higher earnings for shareholders.
On the other hand, there are some areas of concern for Picturehouse. The profit before tax (PBT) less other income for the quarter was at Rs -6.87 crore, which is a significant decrease of -2768.0% compared to the average PBT of the previous four quarters. This shows a very negative trend in the near term.
The operating profit (PBDIT) for the quarter was also at its lowest at Rs -0.69 crore, with a decline in each of the last five quarters. This indicates a negative trend in the near term for the company's operating profit.
Moreover, the non-operating income for the quarter was 2,644.44% of the PBT. This suggests that the company's income from non-business activities is high, which may not be a sustainable business model. Additionally, the non-operating income for the quarter was the highest in the last five quarters at Rs 7.14 crore, which may not be sustainable in the long run.
Overall, Picturehouse Media's financial performance for the quarter ending March 2024 has been negative, with some concerning trends in key areas. Investors are advised to carefully consider these factors before making any investment decisions.
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