Popular Vehicles & Services' Q1 FY25 financials show decline, MarketsMOJO advises 'Hold' on stock
Popular Vehicles & Services, a smallcap company in the auto industry, recently declared its financial results for the quarter ending June 2024. According to MarketsMOJO, a leading financial analysis platform, the stock call for Popular Vehicles is ‘Hold’.
The company’s financial performance for the quarter has been flat, with a score of -5 compared to -4 in the previous quarter. This indicates a decline in performance over the last three months.
The financials for the quarter show a negative trend for Popular Vehicles. The Profit Before Tax (PBT) less Other Income has fallen by -341.2% to Rs -6.79 crore, compared to the average PBT of the previous four quarters at Rs 2.82 crore. The Profit After Tax (PAT) has also seen a decline of -105.7% to Rs -0.37 crore, compared to the average PAT of Rs 6.45 crore in the previous four quarters. The Net Sales have fallen by -12.0% to Rs 581.84 crore, compared to the average Net Sales of Rs 660.96 crore in the previous four quarters.
The company’s ability to manage interest payments has deteriorated, with the Operating Profit to Interest ratio at its lowest in the last five quarters. The Operating Profit (PBDIT) has also seen a decline, reaching its lowest at Rs 17.41 crore in the last five quarters. The Operating Profit Margin has also decreased to its lowest at 2.99%, indicating a decline in the company’s efficiency.
Overall, the financial results for the quarter ending June 2024 show a negative trend for Popular Vehicles & Services. MarketsMOJO has given a ‘Hold’ call for the stock, suggesting caution for investors.
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