Simplex Realty's Q1 financials show mixed results, with positive trends in operating profit and profit after tax.

Simplex Realty, a microcap real estate company, has 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, Simplex Realty has shown a flat performance in the quarter, with no significant changes in the last three months. However, there are some positive aspects to the company's financials. The operating profit (PBDIT) for the quarter was the highest in the last five quarters, at Rs -0.41 crore. The near-term trend for operating profit is also positive. Similarly, the profit before tax (PBT) less other income was also the highest in the last five quarters, at Rs -0.47 crore. The near-term trend for PBT is also positive. The profit after tax (PAT) for the quarter was the highest in the last five quarters, at Rs 0.96 crore. The near-term trend for PAT is also positive.

However, there are some areas of concern for Simplex Realty. The operating cash flow for the company has been consistently falling in the last three years, with the lowest being Rs -6.03 crore in the last year. This indicates that the company's cash revenues from business operations are declining. Additionally, the non-operating income for the quarter was 139.50% of the PBT, which suggests that the company's income from non-business activities is high and may not be a sustainable business model.

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