Precision Electronics Reports Mixed Performance in Q1 FY25 Financial Results

Precision Electronics, a microcap company in the electronics components industry, 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, Precision Electronics has experienced a flat performance in the quarter, with a score of 1 compared to 32 in the previous quarter. However, there are some positive aspects to the company’s performance. The net sales for the half-yearly period have grown by 28.65% year on year, indicating a positive sales trend in the near term.

On the other hand, there are some areas of concern for Precision Electronics. The profit before tax less other income (PBT) for the quarter has fallen by 93.58% year on year, and the profit after tax (PAT) has also decreased by 129.5% year on year. The operating profit (PBDIT) for the quarter is at its lowest in the last five quarters, and the operating profit margin has also decreased, indicating a decline in the company’s efficiency.

The PBT for the quarter is also at its lowest in the last five quarters, and the earnings per share (EPS) have also decreased, creating lower earnings for shareholders. These factors suggest a negative trend in the company’s profitability.

Overall, Precision Electronics has shown a mixed performance in the quarter ending March 2024. While there are some positive aspects, there are also areas of concern that need to be addressed. Investors are advised to carefully consider these factors before making any investment decisions.