Prime Focus Reports Negative Financial Results for Q1 2024
Prime Focus, a smallcap company in the films and entertainment industry, has reported a negative financial performance for the quarter ending March 2024. Net sales have fallen by -32.79% year on year, while PBT and PAT have also seen significant declines. This indicates a challenging period for the company and investors should consider these numbers before making any investment decisions.
Prime Focus, a smallcap company in the films and entertainment industry, recently declared its financial results for the quarter ending March 2024. According to the data released on August 9, 2024, the stock call for Prime Focus by MarketsMOJO is 'Strong Sell'.The company has seen a very negative financial performance in the quarter, with a score of -20 compared to -19 in the previous quarter. This indicates a decline in overall performance in the last three months.
One of the major factors contributing to this decline is the net sales, which have fallen by -32.79% year on year to Rs 813.44 crore. The near-term sales trend is also very negative, indicating a downward trend in sales.
Similarly, the profit before tax less other income (PBT) has also fallen by -29.23% year on year to Rs -164.65 crore. The near-term trend for PBT is also negative, indicating a decline in profitability.
The profit after tax (PAT) has also seen a significant decline of -75.3% year on year to Rs -119.36 crore. This is the lowest PAT in the last five quarters, and the near-term trend for PAT is also negative.
Overall, the financial results for the quarter ending March 2024 have not been favorable for Prime Focus. The company has seen a decline in net sales, PBT, and PAT, indicating a challenging period for the company. Investors should take note of these numbers before making any investment decisions.
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