Response Informatics Reports Negative Financial Results for Q1 FY25, Investors Urged to Monitor Performance
Response Informatics, a microcap company in the agriculture industry, has recently announced its financial results for the quarter ending March 2024. According to the report released on August 14, 2024, the company has seen a negative performance in this quarter.
The company’s score has fallen from 0 to -8 in the last three months, indicating a decline in its overall financial health. This is a cause for concern for investors and stakeholders of Response Informatics.
The financials for the quarter ending March 2024 show a significant decrease in key metrics. The Profit After Tax (PAT) has fallen to -0.76 crore, a decrease of 206.7% compared to the average PAT of the previous four quarters. The Net Sales have also decreased by 13.0% to Rs 6.07 crore, compared to the average of the previous four quarters.
The company’s Operating Profit (PBDIT) for this quarter is at its lowest in the last five quarters, and the Profit Before Tax less Other Income (PBT) has also seen a significant decline. The Earnings per Share (EPS) have also decreased to its lowest in the last five quarters, indicating a decline in profitability and lower earnings for shareholders.
Based on these financial results, MarketsMOJO has given a ‘Sell’ call for Response Informatics’ stock. The company’s near-term trend for key financial metrics is negative, and it is important for investors to closely monitor the company’s performance in the coming quarters.
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