South West Pinnacle Exploration Reports Mixed Financial Results for Q1 2024
South West Pinnacle Exploration, a microcap engineering company, has reported a flat performance in the quarter ending March 2024, with a 'Sell' call from MarketsMojo. While net sales were the highest in five quarters, profit after tax has fallen by 24.9% and interest costs have increased by 35.18%. Investors should carefully evaluate before investing.
South West Pinnacle Exploration, a microcap engineering 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, South West Pinnacle Exploration has seen a flat performance in the quarter, with a score of 0 compared to 7 in the previous quarter. However, there are some positive aspects to the company's performance. The net sales for the quarter were the highest in the last five quarters, at Rs 45.01 crore. The sales trend in the near term is also positive.
On the other hand, the company's profit after tax (PAT) for the quarter has fallen by 24.9% year on year, at Rs 2.80 crore. The near term trend for PAT is also negative. Additionally, the interest cost for the half-yearly period has increased by 35.18%, indicating a rise in borrowings for the company.
Despite the mixed financial results, South West Pinnacle Exploration remains a microcap player in the engineering industry. Investors should carefully consider all factors before making any decisions regarding the company's stock.
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