Royal India Corp's Q1 Financial Report Shows Mixed Results, Operating Profit and EPS Improve

Royal India Corporation, a microcap trading company, 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, Royal India Corp has seen a negative performance in the quarter, with a score of -10, which has improved from -15 in the last three months. However, there are some positive aspects to the company's financials.

The company's operating profit (PBDIT) for the quarter was the highest in the last five quarters, at Rs 2.74 crore. The near-term trend for operating profit is positive. Additionally, the earnings per share (EPS) for the quarter was also the highest in the last five quarters, at Rs -0.03. This shows an increase in profitability and the company's ability to generate higher earnings for its shareholders.

On the other hand, there are some areas where Royal India Corp needs to improve. The net sales for the half-yearly period were at Rs 11.35 crore, which is a decrease of 46.13% compared to the same period last year. The near-term trend for sales is very negative. Similarly, the profit after tax (PAT) for the half-yearly period was at Rs -2.96 crore, also showing a decrease of 46.13% compared to the previous year. The near-term trend for PAT is also negative.

Overall, Royal India Corporation's financial performance for the quarter ending March 2024 has been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.